Bright Horizons Family Solutions Inc. (NYSE:BFAM) Position Boosted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. boosted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,289 shares of the company’s stock after purchasing an additional 723 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Bright Horizons Family Solutions were worth $2,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its stake in shares of Bright Horizons Family Solutions by 17.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 646,208 shares of the company’s stock valued at $52,640,000 after purchasing an additional 97,548 shares during the last quarter. Comerica Bank bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $10,590,000. Mission Wealth Management LP increased its holdings in shares of Bright Horizons Family Solutions by 4.1% during the 4th quarter. Mission Wealth Management LP now owns 10,588 shares of the company’s stock valued at $998,000 after acquiring an additional 415 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at approximately $54,890,000. Finally, Nordea Investment Management AB lifted its holdings in Bright Horizons Family Solutions by 12.5% in the 3rd quarter. Nordea Investment Management AB now owns 154,138 shares of the company’s stock worth $12,598,000 after purchasing an additional 17,082 shares during the last quarter.

Insider Activity

In other news, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief operating officer now owns 37,253 shares in the company, valued at approximately $3,911,565. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the transaction, the chief operating officer now owns 37,253 shares of the company’s stock, valued at $3,911,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the transaction, the chief financial officer now owns 89,983 shares of the company’s stock, valued at $10,237,365.91. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded up $6.96 on Friday, reaching $111.23. The stock had a trading volume of 651,873 shares, compared to its average volume of 242,604. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.45 billion, a P/E ratio of 78.33, a price-to-earnings-growth ratio of 4.28 and a beta of 1.38. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $119.21. The stock has a fifty day moving average price of $111.11 and a 200-day moving average price of $98.80.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. The company had revenue of $615.65 million for the quarter, compared to analyst estimates of $588.63 million. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current year.

Analysts Set New Price Targets

BFAM has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research note on Friday. Robert W. Baird lifted their price target on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $100.00 to $125.00 in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average target price of $106.63.

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.