Marshall Wace LLP Has $22.86 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Marshall Wace LLP reduced its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 57.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,699 shares of the company's stock after selling 282,249 shares during the period. Marshall Wace LLP owned about 0.36% of Bright Horizons Family Solutions worth $22,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BFAM. Treasurer of the State of North Carolina grew its position in Bright Horizons Family Solutions by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 25,470 shares of the company's stock worth $2,400,000 after acquiring an additional 250 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Bright Horizons Family Solutions by 38.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 105,787 shares of the company's stock worth $9,969,000 after buying an additional 29,417 shares during the last quarter. Eagle Asset Management Inc. increased its position in Bright Horizons Family Solutions by 11.7% during the fourth quarter. Eagle Asset Management Inc. now owns 113,831 shares of the company's stock worth $10,727,000 after buying an additional 11,886 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Bright Horizons Family Solutions during the fourth quarter valued at about $1,479,000. Finally, Capital World Investors lifted its position in shares of Bright Horizons Family Solutions by 10.5% in the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company's stock worth $127,076,000 after buying an additional 128,632 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BFAM. JPMorgan Chase & Co. upped their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Barclays raised 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. BMO Capital Markets lifted their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a "market perform" rating in a report on Friday, August 2nd. Robert W. Baird upped their price target on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, Morgan Stanley raised their price target on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an "underweight" rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $129.25.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $110.20, for a total value of $88,160.00. Following the completion of the transaction, the chief operating officer now owns 36,925 shares in the company, valued at approximately $4,069,135. The sale was disclosed in a filing with the SEC, which is available at this link. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $110.20, for a total transaction of $88,160.00. Following the sale, the chief operating officer now directly owns 36,925 shares of the company's stock, valued at $4,069,135. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the sale, the director now owns 30,257 shares in the company, valued at $3,961,549.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,635 shares of company stock worth $3,198,948. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $1.23 on Friday, hitting $138.55. 255,685 shares of the company were exchanged, compared to its average volume of 348,246. The company's 50 day moving average price is $133.82 and its two-hundred day moving average price is $118.10. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 97.57 and a beta of 1.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions Inc. has a one year low of $71.65 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. During the same period in the previous year, the company posted $0.54 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

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.