Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,326,816 shares of the company’s stock after acquiring an additional 41,506 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Bright Horizons Family Solutions worth $501,999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Integrated Advisors Network LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $212,000. Aurora Investment Counsel lifted its position in Bright Horizons Family Solutions by 5.5% in the fourth quarter. Aurora Investment Counsel now owns 17,461 shares of the company’s stock valued at $1,646,000 after acquiring an additional 905 shares during the last quarter. Palisade Capital Management LP boosted its stake in Bright Horizons Family Solutions by 25.3% in the fourth quarter. Palisade Capital Management LP now owns 174,027 shares of the company’s stock valued at $16,400,000 after acquiring an additional 35,111 shares in the last quarter. RMB Capital Management LLC grew its holdings in shares of Bright Horizons Family Solutions by 1.8% during the fourth quarter. RMB Capital Management LLC now owns 82,814 shares of the company’s stock worth $7,804,000 after purchasing an additional 1,492 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth about $315,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BFAM shares. Robert W. Baird upped their target price on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. The Goldman Sachs Group lifted their target price on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $125.00 in a research note on Wednesday, February 28th. Finally, StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” 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, Bright Horizons Family Solutions has a consensus rating of “Hold” and an average price target of $107.43.

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, June 10th. The stock was sold at an average price of $106.42, for a total transaction of $85,136.00. Following the transaction, the chief operating officer now owns 37,725 shares of the company’s stock, valued at $4,014,694.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $106.42, for a total transaction of $85,136.00. Following the sale, the chief operating officer now owns 37,725 shares of the company’s stock, valued at $4,014,694.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen Howard Kramer sold 11,250 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the transaction, the chief executive officer now owns 122,573 shares in the company, valued at $13,967,193.35. The disclosure for this sale can be found here. In the last three months, insiders sold 26,647 shares of company stock valued at $2,978,550. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Down 0.7 %

Shares of Bright Horizons Family Solutions stock opened at $104.33 on Wednesday. Bright Horizons Family Solutions Inc. has a one year low of $71.65 and a one year high of $119.21. The company has a market cap of $6.05 billion, a P/E ratio of 73.47, a PEG ratio of 3.84 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a fifty day moving average of $107.39 and a two-hundred day moving average of $105.23.

Bright Horizons Family Solutions (NYSE:BFAM) last posted 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. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. The firm had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current year.

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.