Zacks Investment Management Makes New $4.18 Million Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Zacks Investment Management purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,796 shares of the company's stock, valued at approximately $4,175,000. Zacks Investment Management owned 0.05% of Bright Horizons Family Solutions at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cerity Partners LLC boosted its holdings in Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock worth $4,075,000 after purchasing an additional 11,236 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter worth $13,639,000. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock valued at $445,761,000 after purchasing an additional 423,456 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Bright Horizons Family Solutions by 19.7% during the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company's stock worth $30,669,000 after purchasing an additional 35,971 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company's stock worth $86,395,000 after acquiring an additional 51,024 shares in the last quarter.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Trading Down 1.8 %

Shares of BFAM stock traded down $2.05 during trading hours on Monday, reaching $113.06. 789,425 shares of the stock were exchanged, compared to its average volume of 404,508. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 56.81 and a beta of 1.44. Bright Horizons Family Solutions Inc. has a 12-month low of $87.82 and a 12-month high of $141.90. The company's 50-day moving average price is $123.41 and its 200-day moving average price is $122.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on BFAM shares. UBS Group boosted their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Barclays lifted 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 report on Friday, August 30th. Morgan Stanley upped their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price on the stock in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $141.50.

Bright Horizons Family Solutions Company 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.