Bright Horizons Family Solutions Inc (NYSE:BFAM) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 9.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,076 shares of the company’s stock after buying an additional 3,422 shares during the period. Ameriprise Financial Inc.’s holdings in Bright Horizons Family Solutions were worth $2,905,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Parametrica Management Ltd raised its stake in shares of Bright Horizons Family Solutions by 0.9% in the first quarter. Parametrica Management Ltd now owns 5,927 shares of the company’s stock worth $430,000 after buying an additional 50 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Bright Horizons Family Solutions by 0.7% in the first 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 during the period. Whittier Trust Co. raised its stake in shares of Bright Horizons Family Solutions by 4.8% in the first quarter. Whittier Trust Co. now owns 15,004 shares of the company’s stock worth $1,088,000 after buying an additional 684 shares during the period. American Century Companies Inc. raised its stake in shares of Bright Horizons Family Solutions by 0.6% in the first quarter. American Century Companies Inc. now owns 153,148 shares of the company’s stock worth $11,102,000 after buying an additional 841 shares during the period. Finally, FTB Advisors Inc. raised its stake in shares of Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock worth $126,000 after buying an additional 857 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Inc (BFAM) opened at 76.56 on Monday. The stock’s 50 day moving average is $77.17 and its 200-day moving average is $72.65. Bright Horizons Family Solutions Inc has a 12-month low of $59.00 and a 12-month high of $81.23. The company has a market cap of $4.58 billion, a P/E ratio of 41.88 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $422 million during the quarter, compared to analysts’ expectations of $422.32 million. Bright Horizons Family Solutions had a net margin of 9.80% and a return on equity of 23.35%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. Analysts predict that Bright Horizons Family Solutions Inc will post $2.61 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on BFAM. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. BMO Capital Markets reissued a “hold” rating and set a $83.00 target price on shares of Bright Horizons Family Solutions in a research note on Monday, May 15th. Finally, Credit Suisse Group lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $80.00 to $83.00 in a research note on Friday, May 12th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $79.71.

In other Bright Horizons Family Solutions news, major shareholder Bain Capital Investors Llc sold 4,124,534 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $79.25, for a total value of $326,869,319.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $80.28, for a total transaction of $535,146.48. Following the completion of the sale, the director now owns 91,468 shares of the company’s stock, valued at approximately $7,343,051.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,233,390 shares of company stock valued at $335,218,296. Corporate insiders own 2.90% of the company’s stock.

About Bright Horizons Family Solutions

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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