Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,243 shares of the company's stock after purchasing an additional 7,092 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.08% of Bright Horizons Family Solutions worth $5,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Creative Planning purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $373,000. V Square Quantitative Management LLC acquired a new position in Bright Horizons Family Solutions during the third quarter worth approximately $35,000. Raymond James & Associates lifted its stake in Bright Horizons Family Solutions by 1.9% in the third quarter. Raymond James & Associates now owns 542,757 shares of the company's stock valued at $76,057,000 after buying an additional 10,102 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Bright Horizons Family Solutions by 2.7% in the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock valued at $443,000 after acquiring an additional 82 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Bright Horizons Family Solutions by 174.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company's stock valued at $48,260,000 after acquiring an additional 218,707 shares during the period.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 5,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now owns 25,257 shares of the company's stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM traded down $3.08 during trading hours on Friday, hitting $126.29. 525,477 shares of the stock were exchanged, compared to its average volume of 436,208. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 52.62 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The stock has a 50-day moving average of $116.58 and a 200 day moving average of $124.71.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. As a group, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.49 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on BFAM shares. Baird R W upgraded shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research note on Friday, November 22nd. BMO Capital Markets increased their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research note on Tuesday. UBS Group lowered their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Finally, The Goldman Sachs Group reduced their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a research note on Friday, December 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $137.67.

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 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.