717,892 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 717,892 shares of the company’s stock, valued at approximately $79,578,000. Raymond James Financial Inc. owned about 1.23% of Bright Horizons Family Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its position in Bright Horizons Family Solutions by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after purchasing an additional 96 shares during the last quarter. Accretive Wealth Partners LLC boosted its position in Bright Horizons Family Solutions by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after purchasing an additional 111 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Bright Horizons Family Solutions by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after purchasing an additional 113 shares during the last quarter. Arizona State Retirement System boosted its position in Bright Horizons Family Solutions by 0.9% in the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock worth $1,681,000 after purchasing an additional 129 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in Bright Horizons Family Solutions by 2.9% in the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock worth $655,000 after purchasing an additional 133 shares during the last quarter.

Bright Horizons Family Solutions Stock Up 0.1 %

NYSE BFAM opened at $127.52 on Monday. The stock’s 50 day moving average is $120.79 and its 200 day moving average is $124.23. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The stock has a market cap of $7.31 billion, a PE ratio of 53.13 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. UBS Group lowered their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Jefferies Financial Group lowered their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.