Bryce Point Capital LLC Makes New $1.62 Million Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bryce Point Capital LLC acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,632 shares of the company's stock, valued at approximately $1,622,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Bright Horizons Family Solutions by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 929,542 shares of the company's stock worth $103,075,000 after purchasing an additional 4,710 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in Bright Horizons Family Solutions by 28.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,349 shares of the company's stock valued at $275,000 after acquiring an additional 516 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Bright Horizons Family Solutions by 209.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 245,544 shares of the company's stock valued at $27,219,000 after purchasing an additional 166,264 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Bright Horizons Family Solutions by 14.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 251,125 shares of the company's stock worth $27,837,000 after purchasing an additional 32,266 shares during the last quarter. Finally, Triodos Investment Management BV lifted its position in shares of Bright Horizons Family Solutions by 46.7% in the 4th quarter. Triodos Investment Management BV now owns 22,000 shares of the company's stock worth $2,439,000 after purchasing an additional 7,000 shares during the period.

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Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BFAM shares. BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Morgan Stanley cut their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a report on Tuesday, February 11th. 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 report on Friday, December 27th. UBS Group cut their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $137.67.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded down $4.97 during midday trading on Monday, reaching $109.63. The stock had a trading volume of 352,476 shares, compared to its average volume of 430,276. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.29 billion, a PE ratio of 45.68 and a beta of 1.31. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The firm's 50-day moving average price is $125.11 and its 200 day moving average price is $122.26.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (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 fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the company's 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 sale, the director now owns 22,757 shares in the company, valued at approximately $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. Company insiders own 1.22% of the company's stock.

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.