Bright Horizons Family Solutions Inc. (NYSE:BFAM) Holdings Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 15.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,181,050 shares of the company's stock after purchasing an additional 423,456 shares during the period. Massachusetts Financial Services Co. MA owned about 5.48% of Bright Horizons Family Solutions worth $445,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BFAM. OLD National Bancorp IN raised its position in shares of Bright Horizons Family Solutions by 2.7% during the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock worth $443,000 after acquiring an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Bright Horizons Family Solutions by 6.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company's stock worth $252,000 after buying an additional 119 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Bright Horizons Family Solutions by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company's stock worth $655,000 after acquiring an additional 133 shares during the period. MJP Associates Inc. ADV grew its holdings in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company's stock worth $263,000 after acquiring an additional 157 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after buying an additional 165 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded up $2.03 during midday trading on Friday, hitting $113.08. 659,512 shares of the stock were exchanged, compared to its average volume of 387,878. Bright Horizons Family Solutions Inc. has a one year low of $86.79 and a one year high of $141.90. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 56.27 and a beta of 1.49. The business has a 50-day moving average price of $129.07 and a two-hundred day moving average price of $122.46. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm had revenue of $719.00 million for the quarter, compared to analysts' expectations of $713.16 million. During the same quarter in the previous year, the company earned $0.78 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Analysts Set New Price Targets

BFAM has been the topic of a number of recent analyst reports. UBS Group increased their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $137.00 to $125.00 in a research note on Monday. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price for the company in a research note on Friday. The Goldman Sachs Group lifted their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, Barclays lifted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $141.50.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the transaction, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.22% of the stock is owned by corporate insiders.

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.