Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 61.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,250 shares of the company’s stock after buying an additional 858 shares during the quarter. Venturi Wealth Management LLC’s holdings in Bright Horizons Family Solutions were worth $315,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth $64,735,000. CANADA LIFE ASSURANCE Co increased its holdings in Bright Horizons Family Solutions by 141.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after buying an additional 8,666 shares in the last quarter. M&G Plc acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at approximately $27,467,000. Bayesian Capital Management LP purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $981,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after acquiring an additional 51,024 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on BFAM. Morgan Stanley upped their target price on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. UBS Group increased their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Barclays lifted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $111.52 on Wednesday. The stock has a fifty day moving average price of $133.38 and a 200 day moving average price of $122.57. Bright Horizons Family Solutions Inc. has a 52 week low of $80.29 and a 52 week high of $141.90. The firm has a market capitalization of $6.47 billion, a P/E ratio of 56.04 and a beta of 1.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.65%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.22% of the stock is currently owned by insiders.

About Bright Horizons Family Solutions

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.