JPMorgan Chase & Co. Buys 511,905 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

JPMorgan Chase & Co. grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,546,606 shares of the company's stock after acquiring an additional 511,905 shares during the quarter. JPMorgan Chase & Co. owned about 6.10% of Bright Horizons Family Solutions worth $393,141,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC boosted its position in shares of Bright Horizons Family Solutions by 63.0% during the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock worth $4,075,000 after acquiring an additional 11,236 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 37.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock valued at $75,000 after purchasing an additional 145 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Bright Horizons Family Solutions by 8.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 12,935 shares of the company's stock valued at $1,813,000 after purchasing an additional 1,041 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth $308,000. Finally, FMR LLC raised its holdings in shares of Bright Horizons Family Solutions by 39.1% during the 3rd quarter. FMR LLC now owns 5,496 shares of the company's stock worth $770,000 after buying an additional 1,545 shares in the last quarter.

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Analyst Upgrades and Downgrades

A number of research firms have issued reports on BFAM. Jefferies Financial Group decreased their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. BMO Capital Markets increased their price objective on shares of 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 target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 11th. Finally, UBS Group lowered their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $137.67.

Bright Horizons Family Solutions Trading Down 5.1 %

Shares of Bright Horizons Family Solutions stock traded down $6.54 during trading on Thursday, hitting $122.00. The company's stock had a trading volume of 149,770 shares, compared to its average volume of 416,581. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 50.83 and a beta of 1.49. 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 Inc. has a 52 week low of $100.59 and a 52 week high of $141.90. The stock has a 50-day moving average price of $125.06 and a two-hundred day moving average price of $122.66.

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

Insiders Place Their Bets

In related news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares of the company's stock, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on 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 sale, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. The trade was a 2.90 % 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 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.