Nordea Investment Management AB grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,106 shares of the company’s stock after buying an additional 2,922 shares during the period. Nordea Investment Management AB’s holdings in Bright Horizons Family Solutions were worth $1,861,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System grew its stake in Bright Horizons Family Solutions by 0.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,708 shares of the company’s stock worth $1,501,000 after buying an additional 150 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Bright Horizons Family Solutions by 5.2% in the 2nd quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock valued at $352,000 after purchasing an additional 225 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Bright Horizons Family Solutions by 6.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock valued at $293,000 after purchasing an additional 247 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Bright Horizons Family Solutions by 1.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 29,035 shares of the company’s stock valued at $2,105,000 after purchasing an additional 337 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 7.9% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,644 shares of the company’s stock valued at $436,000 after purchasing an additional 415 shares in the last quarter. 97.08% of the stock is owned by institutional investors and hedge funds.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Monday, August 7th. The shares were sold at an average price of $78.56, for a total transaction of $392,800.00. Following the completion of the transaction, the chief operating officer now directly owns 32,354 shares of the company’s stock, valued at $2,541,730.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $76.11, for a total transaction of $507,349.26. Following the transaction, the director now directly owns 67,284 shares of the company’s stock, valued at $5,120,985.24. The disclosure for this sale can be found here. Insiders have sold 68,429 shares of company stock valued at $5,427,819 over the last ninety days. 2.90% of the stock is owned by insiders.

Shares of Bright Horizons Family Solutions Inc. (NYSE BFAM) opened at 85.32 on Friday. The stock has a market cap of $5.05 billion, a PE ratio of 45.53 and a beta of 0.14. The stock has a 50 day moving average of $81.51 and a 200-day moving average of $77.57. Bright Horizons Family Solutions Inc. has a 52 week low of $59.00 and a 52 week high of $88.13.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on BFAM shares. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $85.00 price objective (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. BidaskClub cut shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Finally, Barclays PLC upped their price objective on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $85.83.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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