Geode Capital Management LLC Has $103.08 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Geode Capital Management LLC lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 929,542 shares of the company's stock after acquiring an additional 4,710 shares during the quarter. Geode Capital Management LLC owned approximately 1.60% of Bright Horizons Family Solutions worth $103,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Artisan Partners Limited Partnership bought a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $91,536,000. Raymond James Financial Inc. acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $79,578,000. Norges Bank acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth approximately $71,842,000. William Blair Investment Management LLC raised its stake in Bright Horizons Family Solutions by 29.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after buying an additional 532,644 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Bright Horizons Family Solutions by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock valued at $393,141,000 after buying an additional 511,905 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

BFAM stock traded up $0.64 during mid-day trading on Tuesday, hitting $118.85. The stock had a trading volume of 38,631 shares, compared to its average volume of 435,092. The firm has a fifty day simple moving average of $124.03 and a 200 day simple moving average of $121.04. The firm has a market capitalization of $6.82 billion, a P/E ratio of 49.52 and a beta of 1.31. 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 Inc. has a 52 week low of $100.59 and a 52 week high of $141.90.

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

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions 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 directly 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 ownership of the stock. The sale 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 the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BFAM shares. BMO Capital Markets increased their price target 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 objective on shares of 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. UBS Group decreased their target price 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. The Goldman Sachs Group dropped their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a report on Friday, December 27th. Finally, Jefferies Financial Group decreased their price objective 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 issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and a consensus 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.