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

Venturi Wealth Management LLC lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 61.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,250 shares of the company’s stock after buying an additional 858 shares during the period. Venturi Wealth Management LLC’s holdings in Bright Horizons Family Solutions were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BFAM. Raleigh Capital Management Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. grew its position in Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares during the period. Finally, Quarry LP lifted its position in shares of Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $111.52 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions Inc. has a 12 month low of $80.29 and a 12 month high of $141.90. The company has a fifty day moving average price of $133.38 and a two-hundred day moving average price of $122.57. The company has a market cap of $6.47 billion, a PE ratio of 56.04 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. Research analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BFAM. BMO Capital Markets raised their price target 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. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Barclays upped their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $141.13.

Insider Transactions at Bright Horizons Family Solutions

In related 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions 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.