LPL Financial LLC Acquires 3,015 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

LPL Financial LLC increased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 54.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,575 shares of the company’s stock after purchasing an additional 3,015 shares during the period. LPL Financial LLC’s holdings in Bright Horizons Family Solutions were worth $793,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Eagle Bay Advisors LLC purchased a new position in Bright Horizons Family Solutions during the second quarter worth $26,000. Daiwa Securities Group Inc. boosted its stake in Bright Horizons Family Solutions by 184.0% during the first quarter. Daiwa Securities Group Inc. now owns 355 shares of the company’s stock worth $27,000 after buying an additional 230 shares during the period. Belpointe Asset Management LLC boosted its stake in Bright Horizons Family Solutions by 118.6% during the first quarter. Belpointe Asset Management LLC now owns 564 shares of the company’s stock worth $43,000 after buying an additional 306 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Bright Horizons Family Solutions during the first quarter worth $52,000. Finally, Global Retirement Partners LLC boosted its stake in Bright Horizons Family Solutions by 27.5% during the first quarter. Global Retirement Partners LLC now owns 858 shares of the company’s stock worth $70,000 after buying an additional 185 shares during the period.

Wall Street Analyst Weigh In

Several research firms have commented on BFAM. JPMorgan Chase & Co. dropped their price objective on shares of Bright Horizons Family Solutions from $104.00 to $93.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. StockNews.com lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. UBS Group raised shares of Bright Horizons Family Solutions from a “sell” rating to a “neutral” rating and boosted their target price for the company from $82.00 to $83.00 in a research note on Monday, October 23rd. BMO Capital Markets lowered their target price on shares of Bright Horizons Family Solutions from $92.00 to $80.00 and set a “market perform” rating for the company in a research note on Friday, November 3rd. Finally, Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $61.00 to $64.00 and gave the company an “underweight” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Hold” and an average target price of $81.75.

Bright Horizons Family Solutions Stock Performance

BFAM stock opened at $88.56 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.50 and a quick ratio of 0.50. The business has a 50-day moving average price of $82.36 and a 200 day moving average price of $88.47. The company has a market capitalization of $5.13 billion, a P/E ratio of 59.44, a PEG ratio of 3.82 and a beta of 1.26. Bright Horizons Family Solutions Inc. has a 1-year low of $59.55 and a 1-year high of $98.87.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 15,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $95.65, for a total value of $1,434,750.00. Following the completion of the transaction, the chief executive officer now directly owns 122,518 shares in the company, valued at $11,718,846.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 600 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $81.22, for a total value of $48,732.00. Following the completion of the transaction, the chief operating officer now directly owns 41,153 shares in the company, valued at $3,342,446.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Howard Kramer sold 15,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $95.65, for a total transaction of $1,434,750.00. Following the completion of the transaction, the chief executive officer now owns 122,518 shares of the company’s stock, valued at $11,718,846.70. The disclosure for this sale can be found here. Insiders sold 17,800 shares of company stock worth $1,683,230 over the last three months. 1.28% of the stock is owned by corporate insiders.

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. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.