Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by BlackRock Inc.

BlackRock Inc. lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,412,686 shares of the company’s stock after acquiring an additional 288,518 shares during the period. BlackRock Inc. owned 0.06% of Bright Horizons Family Solutions worth $590,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth approximately $25,000. First Bank & Trust lifted its stake in shares of Bright Horizons Family Solutions by 179.7% in the 4th quarter. First Bank & Trust now owns 193 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares during the period. Graves Light Private Wealth Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth approximately $68,000. Psagot Investment House Ltd. acquired a new stake in Bright Horizons Family Solutions during the third quarter valued at approximately $64,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Bright Horizons Family Solutions during the fourth quarter valued at approximately $95,000.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 370 shares of the company’s stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $168.41, for a total value of $62,311.70. Following the transaction, the chief operating officer now owns 31,486 shares in the company, valued at approximately $5,302,557.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mary Ann Tocio sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 10th. The shares were sold at an average price of $165.78, for a total transaction of $497,340.00. Following the completion of the transaction, the director now owns 63,259 shares in the company, valued at approximately $10,487,077.02. The disclosure for this sale can be found here. Insiders have sold 53,690 shares of company stock worth $9,381,936 in the last 90 days. 1.60% of the stock is owned by company insiders.

BFAM has been the subject of several recent research reports. Robert W. Baird lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and set a $150.00 target price for the company. in a research note on Monday, November 2nd. Jefferies Financial Group increased their target price on shares of Bright Horizons Family Solutions from $189.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 18th. BMO Capital Markets increased their target price on shares of Bright Horizons Family Solutions from $150.00 to $168.00 and gave the company a “market perform” rating in a research note on Thursday, February 18th. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 6th. Finally, Morgan Stanley increased their target price on shares of Bright Horizons Family Solutions from $136.00 to $153.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus price target of $159.00.

BFAM stock opened at $166.13 on Tuesday. Bright Horizons Family Solutions Inc. has a 52-week low of $64.23 and a 52-week high of $182.49. The company’s 50 day simple moving average is $164.14 and its 200-day simple moving average is $155.87. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $10.06 billion, a P/E ratio of 135.07, a P/E/G ratio of 9.45 and a beta of 0.83.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, February 16th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.79. Bright Horizons Family Solutions had a net margin of 4.35% and a return on equity of 10.63%. Sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 0.56 EPS for the current fiscal year.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education services, back-up care services, educational advisory services, and other workplace solutions for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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