Brown Brothers Harriman & Co. Acquires 32,266 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Brown Brothers Harriman & Co. increased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 251,125 shares of the company's stock after buying an additional 32,266 shares during the period. Brown Brothers Harriman & Co. owned 0.43% of Bright Horizons Family Solutions worth $27,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BFAM. Versant Capital Management Inc purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $25,000. Atala Financial Inc purchased a new stake in Bright Horizons Family Solutions during the 4th quarter worth about $32,000. True Wealth Design LLC bought a new position in Bright Horizons Family Solutions in the 3rd quarter worth about $49,000. Tortoise Investment Management LLC grew its holdings in Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after buying an additional 181 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position 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 period.

Analysts Set New Price Targets

Several equities analysts recently commented on BFAM shares. 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 research note on Friday, December 27th. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. UBS Group lowered their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Jefferies Financial Group lowered their price target on 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.67.

Remove Ads

Bright Horizons Family Solutions Price Performance

NYSE BFAM traded up $1.86 on Wednesday, reaching $128.91. 108,574 shares of the company's stock traded hands, compared to its average volume of 420,394. The stock has a market cap of $7.39 billion, a PE ratio of 53.71 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The stock has a 50-day simple moving average of $124.82 and a 200 day simple moving average of $122.62. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its 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 net margin of 5.22% and a return on equity of 13.63%. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Activity

In related news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were 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 $4,170,755.81. This represents a 2.90 % 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.

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.