Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 924,832 shares of the company's stock after buying an additional 7,597 shares during the quarter. Geode Capital Management LLC owned 1.59% of Bright Horizons Family Solutions worth $129,633,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in Bright Horizons Family Solutions in the 3rd quarter worth $29,000. V Square Quantitative Management LLC bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after acquiring an additional 165 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company's stock worth $48,000 after buying an additional 177 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Stock Down 2.9 %

Shares of NYSE BFAM traded down $3.11 during midday trading on Wednesday, reaching $105.03. 648,177 shares of the company's stock traded hands, compared to its average volume of 409,385. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 52.78 and a beta of 1.43. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a one year low of $91.00 and a one year high of $141.90. The stock's 50 day simple moving average is $120.16 and its 200-day simple moving average is $123.09.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same quarter in the previous year, the firm earned $0.78 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BFAM shares. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $108.00 to $102.00 and set an "underweight" rating for the company in a research note on Thursday, December 12th. Baird R W upgraded Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. The Goldman Sachs Group increased their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Barclays boosted their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.75.

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.