Everpar Advisors LLC Buys 366 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Everpar Advisors LLC raised its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 13.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,191 shares of the company’s stock after acquiring an additional 366 shares during the period. Everpar Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in Bright Horizons Family Solutions during the fourth quarter worth about $32,000. Parallel Advisors LLC grew its position in Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock worth $41,000 after buying an additional 143 shares in the last quarter. Global Financial Private Client LLC grew its position in Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company’s stock worth $42,000 after buying an additional 232 shares in the last quarter. Tortoise Investment Management LLC grew its position in Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after buying an additional 181 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Bright Horizons Family Solutions by 72.7% during the first quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after buying an additional 200 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on BFAM. Wall Street Zen upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley boosted their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.33.

Bright Horizons Family Solutions Trading Down 2.0%

Shares of BFAM stock opened at $122.97 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $122.85 and a two-hundred day moving average price of $120.58. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The firm has a market cap of $7.04 billion, a P/E ratio of 51.24 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The firm had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity

In other news, Director David H. Lissy sold 6,282 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the sale, the director now owns 69,312 shares of the company’s stock, valued at approximately $9,017,491.20. The trade was a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $128.49, for a total value of $321,225.00. Following the transaction, the director now directly owns 20,257 shares of the company’s stock, valued at $2,602,821.93. The trade was a 10.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,282 shares of company stock valued at $1,726,433. Insiders own 1.21% of the company’s stock.

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.