Jane Street Group LLC Acquires 9,140 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Jane Street Group LLC raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 43.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,136 shares of the company's stock after acquiring an additional 9,140 shares during the period. Jane Street Group LLC owned approximately 0.05% of Bright Horizons Family Solutions worth $4,223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock valued at $445,761,000 after buying an additional 423,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company's stock valued at $337,832,000 after purchasing an additional 44,893 shares during the last quarter. State Street Corp raised its holdings in shares of Bright Horizons Family Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 999,263 shares of the company's stock worth $140,027,000 after buying an additional 3,970 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company's stock worth $86,395,000 after buying an additional 51,024 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in Bright Horizons Family Solutions by 3.2% in the third quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company's stock valued at $99,126,000 after buying an additional 21,935 shares in the last quarter.

Bright Horizons Family Solutions Stock Down 2.9 %

NYSE BFAM traded down $3.11 on Wednesday, hitting $105.03. 648,177 shares of the company were exchanged, compared to its average volume of 409,385. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.11 billion, a PE ratio of 52.78 and a beta of 1.43. The stock has a fifty day moving average of $120.16 and a 200-day moving average of $123.09. Bright Horizons Family Solutions Inc. has a 12 month low of $91.00 and a 12 month high of $141.90.

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

Insiders Place Their Bets

In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction 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 completion of the sale, the director now directly owns 25,257 shares of the company's stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BFAM shares. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. 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 report on Thursday, December 12th. The Goldman Sachs Group upped their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a research report on Friday, November 22nd. Finally, Barclays increased their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus 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.