Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by LPL Financial LLC

LPL Financial LLC increased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,068 shares of the company's stock after purchasing an additional 4,108 shares during the quarter. LPL Financial LLC owned 0.07% of Bright Horizons Family Solutions worth $4,442,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BFAM. FMR LLC lifted its stake in shares of Bright Horizons Family Solutions by 39.1% in the 3rd quarter. FMR LLC now owns 5,496 shares of the company's stock worth $770,000 after purchasing an additional 1,545 shares during the period. Quantinno Capital Management LP grew its position in shares of Bright Horizons Family Solutions by 37.4% during the 3rd quarter. Quantinno Capital Management LP now owns 4,363 shares of the company's stock valued at $611,000 after acquiring an additional 1,187 shares during the period. State Street Corp increased its stake in shares of Bright Horizons Family Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 999,263 shares of the company's stock worth $140,027,000 after purchasing an additional 3,970 shares in the last quarter. Wolverine Trading LLC bought a new position in Bright Horizons Family Solutions in the 3rd quarter worth $314,000. Finally, Jane Street Group LLC grew its holdings in Bright Horizons Family Solutions by 43.5% during the third quarter. Jane Street Group LLC now owns 30,136 shares of the company's stock valued at $4,223,000 after purchasing an additional 9,140 shares during the period.

Analysts Set New Price Targets

BFAM has been the topic of several recent research reports. The Goldman Sachs Group decreased their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research note on Friday, December 27th. UBS Group lowered their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. 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. Jefferies Financial Group lowered their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $137.67.

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Bright Horizons Family Solutions Trading Up 0.5 %

NYSE BFAM traded up $0.59 during trading hours on Tuesday, hitting $118.80. 20,886 shares of the company were exchanged, compared to its average volume of 444,174. The stock has a market cap of $6.81 billion, a PE ratio of 49.50 and a beta of 1.31. The stock has a 50-day moving average price of $124.03 and a 200 day moving average price of $121.04. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $141.90. 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 (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were 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 $4,170,755.81. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by company insiders.

About Bright Horizons Family Solutions

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.