Bank of New York Mellon Corp Boosts Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bank of New York Mellon Corp grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,222 shares of the company's stock after purchasing an additional 4,494 shares during the period. Bank of New York Mellon Corp owned approximately 0.37% of Bright Horizons Family Solutions worth $23,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Bright Horizons Family Solutions in the 4th quarter valued at $25,000. True Wealth Design LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $49,000. Daiwa Securities Group Inc. grew its holdings in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock valued at $75,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new stake in Bright Horizons Family Solutions during the third quarter worth about $75,000. Finally, Anchor Investment Management LLC increased its position in Bright Horizons Family Solutions by 423.2% during 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 last quarter.

Bright Horizons Family Solutions Stock Down 1.3 %

Shares of BFAM stock traded down $1.64 during trading on Thursday, reaching $123.39. The company's stock had a trading volume of 264,122 shares, compared to its average volume of 431,004. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The stock's 50-day moving average price is $121.58 and its 200 day moving average price is $123.97. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 51.41 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

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Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.88 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%. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now directly owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on BFAM shares. Morgan Stanley dropped their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Jefferies Financial Group lowered their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, 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 on the stock in a report on Friday, December 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average price target 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.