Massachusetts Financial Services Co. MA Has $283.73 Million Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Massachusetts Financial Services Co. MA lowered its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,559,589 shares of the company's stock after selling 621,461 shares during the period. Massachusetts Financial Services Co. MA owned about 4.40% of Bright Horizons Family Solutions worth $283,730,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BFAM. Vanguard Group Inc. increased its holdings in Bright Horizons Family Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock valued at $603,332,000 after buying an additional 101,151 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Bright Horizons Family Solutions by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after acquiring an additional 511,905 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 29.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after acquiring an additional 532,644 shares during the last quarter. State Street Corp raised its position 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 valued at $140,027,000 after acquiring an additional 3,970 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Bright Horizons Family Solutions by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 929,542 shares of the company's stock worth $103,075,000 after purchasing an additional 4,710 shares during the last quarter.

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Bright Horizons Family Solutions Price Performance

Shares of BFAM stock traded up $9.34 during midday trading on Wednesday, reaching $119.57. 869,056 shares of the company were exchanged, compared to its average volume of 432,824. The company's 50 day moving average price is $124.28 and its two-hundred day moving average price is $121.64. The company has a market cap of $6.86 billion, a P/E ratio of 49.82 and a beta of 1.31. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were 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 directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares in the company, valued at approximately $4,170,755.81. This trade represents 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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BFAM. BMO Capital Markets increased 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. UBS Group cut their target price 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 upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Morgan Stanley cut their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a report on Tuesday, February 11th. Finally, Jefferies Financial Group dropped 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $137.67.

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.