William Blair Investment Management LLC Acquires 532,644 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

William Blair Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,370,336 shares of the company's stock after purchasing an additional 532,644 shares during the period. Bright Horizons Family Solutions accounts for approximately 0.6% of William Blair Investment Management LLC's investment portfolio, making the stock its 29th biggest position. William Blair Investment Management LLC owned approximately 4.07% of Bright Horizons Family Solutions worth $262,752,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Impax Asset Management Group plc acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at approximately $2,857,000. CIBC Asset Management Inc bought a new position in Bright Horizons Family Solutions during the third quarter worth $234,000. Royce & Associates LP raised its position in shares of Bright Horizons Family Solutions by 42.4% in the 3rd quarter. Royce & Associates LP now owns 24,206 shares of the company's stock worth $3,392,000 after acquiring an additional 7,206 shares in the last quarter. Claro Advisors LLC bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $275,000. Finally, Thrivent Financial for Lutherans bought a new stake in Bright Horizons Family Solutions in the third quarter valued at $4,520,000.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. This represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $311,850.00. Following the transaction, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

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Bright Horizons Family Solutions Stock Performance

Shares of BFAM traded down $1.74 on Friday, reaching $124.58. 568,428 shares of the company's stock traded hands, compared to its average volume of 407,845. The stock's 50 day simple moving average is $123.23 and its two-hundred day simple moving average is $123.59. The stock has a market cap of $7.14 billion, a PE ratio of 51.91 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. 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 quarterly earnings data 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, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BFAM. 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, November 22nd. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Morgan Stanley lowered their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 11th. UBS Group cut their target price 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 decreased their price target on shares of 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $137.67.

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.