Bessemer Group Inc. Acquires 8,103 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bessemer Group Inc. grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,917 shares of the company's stock after purchasing an additional 8,103 shares during the period. Bessemer Group Inc. owned about 0.48% of Bright Horizons Family Solutions worth $30,807,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth approximately $25,000. Atala Financial Inc acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth $32,000. Tortoise Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after purchasing an additional 181 shares during the period. Anchor Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock worth $92,000 after purchasing an additional 529 shares during the period. Finally, Avanza Fonder AB acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $93,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of 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. The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.67.

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Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, March 13th. The shares were 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. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now owns 22,757 shares of the company's stock, valued at $2,838,708.18. This 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 owned by company insiders.

Bright Horizons Family Solutions Trading Up 0.4 %

NYSE BFAM traded up $0.51 on Tuesday, hitting $118.72. The company's stock had a trading volume of 97,057 shares, compared to its average volume of 435,311. The firm has a market cap of $6.81 billion, a PE ratio of 49.47 and a beta of 1.31. The company's 50-day moving average is $124.03 and its 200 day moving average is $121.04. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results 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 net margin of 5.22% and a return on equity of 13.63%. As a group, 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.