Comerica Bank Buys 10,965 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Comerica Bank boosted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,090 shares of the company’s stock after acquiring an additional 10,965 shares during the period. Comerica Bank owned 0.26% of Bright Horizons Family Solutions worth $16,787,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $176,000. International Assets Investment Management LLC purchased a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $54,890,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Bright Horizons Family Solutions by 10.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,127 shares of the company’s stock worth $1,520,000 after purchasing an additional 1,526 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $470,000. Finally, NewEdge Wealth LLC increased its stake in shares of Bright Horizons Family Solutions by 3.3% in the fourth quarter. NewEdge Wealth LLC now owns 26,401 shares of the company’s stock worth $2,488,000 after purchasing an additional 835 shares in the last quarter.

Bright Horizons Family Solutions Trading Up 7.5 %

Shares of NYSE:BFAM traded up $8.87 on Friday, hitting $127.30. The company had a trading volume of 263,928 shares, compared to its average volume of 337,269. The firm’s 50-day simple moving average is $110.43 and its two-hundred day simple moving average is $108.96. Bright Horizons Family Solutions Inc. has a 1 year low of $71.65 and a 1 year high of $128.46. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 83.28, a P/E/G ratio of 4.51 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The company had revenue of $622.71 million during the quarter, compared to analyst estimates of $614.60 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jason Janoff sold 6,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total value of $682,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,955 shares in the company, valued at approximately $1,018,989.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Lightfoot Sara Lawrence sold 4,597 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $107.23, for a total value of $492,936.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jason Janoff sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $113.79, for a total transaction of $682,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,955 shares in the company, valued at approximately $1,018,989.45. The disclosure for this sale can be found here. Insiders sold a total of 28,447 shares of company stock worth $3,186,710 in the last three months. 1.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BFAM has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. The Goldman Sachs Group upped their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $107.43.

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.