Triodos Investment Management BV Boosts Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Triodos Investment Management BV boosted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 46.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,000 shares of the company's stock after acquiring an additional 7,000 shares during the quarter. Triodos Investment Management BV's holdings in Bright Horizons Family Solutions were worth $2,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised 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 acquiring an additional 101,151 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Bright Horizons Family Solutions by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after purchasing an additional 511,905 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Bright Horizons Family Solutions by 29.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after purchasing an additional 532,644 shares in the last quarter. State Street Corp grew its position 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 valued at $140,027,000 after buying an additional 3,970 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Bright Horizons Family Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock valued at $129,633,000 after acquiring an additional 7,597 shares during the last quarter.

Remove Ads

Bright Horizons Family Solutions Trading Down 0.5 %

Shares of NYSE BFAM traded down $0.62 during midday trading on Tuesday, reaching $126.43. 98,463 shares of the stock were exchanged, compared to its average volume of 419,683. 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 capitalization of $7.25 billion, a P/E ratio of 52.77 and a beta of 1.50. The stock has a 50 day moving average price of $124.66 and a 200-day moving average price of $122.71. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90.

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 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%. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a research report on Friday, December 27th. Jefferies Financial Group lowered their price objective on shares of 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. UBS Group reduced their target price 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. Morgan Stanley lowered 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, StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. One 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.67.

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.