American Century Companies Inc. Has $78.90 Million Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

American Century Companies Inc. lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 29.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 711,745 shares of the company's stock after buying an additional 162,278 shares during the quarter. American Century Companies Inc. owned approximately 1.22% of Bright Horizons Family Solutions worth $78,897,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BFAM. Versant Capital Management Inc acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $25,000. Atala Financial Inc bought a new position in Bright Horizons Family Solutions in the 4th quarter worth about $32,000. True Wealth Design LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $49,000. Tortoise Investment Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after buying an additional 181 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock valued at $75,000 after buying an additional 145 shares during the last quarter.

Insider Activity

In related news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. The trade was a 2.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares of the company's stock, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BMO Capital Markets raised their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. 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. The Goldman Sachs Group reduced their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a report on Friday, December 27th. Morgan Stanley decreased their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. Finally, StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $137.67.

Bright Horizons Family Solutions Trading Down 1.8 %

NYSE BFAM traded down $2.35 on Friday, hitting $126.63. 344,912 shares of the company were exchanged, compared to its average volume of 420,287. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $7.26 billion, a P/E ratio of 52.76 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The company's 50 day moving average price is $124.47 and its 200-day moving average price is $123.02.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates 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%. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal 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.