Eaton Vance Management Has $31.04 Million Stake in Bright Horizons Family Solutions Inc. (BFAM)

Eaton Vance Management decreased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 402,038 shares of the company’s stock after selling 19,355 shares during the quarter. Eaton Vance Management owned 0.68% of Bright Horizons Family Solutions worth $31,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth about $123,000. BNP Paribas Arbitrage SA grew its holdings in shares of Bright Horizons Family Solutions by 83.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after purchasing an additional 1,193 shares during the last quarter. Connable Office Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth about $208,000. Comerica Bank bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth about $230,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth about $256,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 29,681 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the completion of the transaction, the chief financial officer now owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $79.98, for a total value of $79,980.00. Following the transaction, the chief operating officer now directly owns 32,266 shares of the company’s stock, valued at approximately $2,580,634.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,128 shares of company stock valued at $5,244,690. 2.90% of the stock is owned by insiders.

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Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $85.00 target price (up previously from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $84.00.

Shares of Bright Horizons Family Solutions Inc. (BFAM) opened at 79.22 on Friday. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 42.27 and a beta of 0.13. The stock has a 50 day moving average of $79.42 and a 200 day moving average of $75.68. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $82.00.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. The business had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. Bright Horizons Family Solutions’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities analysts expect that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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