Great Lakes Advisors LLC Acquires Shares of 3,544 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Great Lakes Advisors LLC bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,544 shares of the company’s stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Triodos Investment Management BV raised its stake in Bright Horizons Family Solutions by 8.3% in the 4th quarter. Triodos Investment Management BV now owns 13,000 shares of the company’s stock worth $1,225,000 after purchasing an additional 1,000 shares in the last quarter. Eagle Bay Advisors LLC raised its position in shares of Bright Horizons Family Solutions by 120.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock valued at $117,000 after buying an additional 677 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Bright Horizons Family Solutions by 77.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,998 shares of the company’s stock valued at $565,000 after buying an additional 2,615 shares during the period. Westpac Banking Corp increased its stake in Bright Horizons Family Solutions by 30.8% during the 4th quarter. Westpac Banking Corp now owns 27,182 shares of the company’s stock worth $2,562,000 after acquiring an additional 6,396 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Bright Horizons Family Solutions by 18.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 708,527 shares of the company’s stock worth $66,775,000 after acquiring an additional 109,548 shares during the period.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $107.90 on Thursday. The business’s 50-day moving average price is $110.45 and its 200-day moving average price is $102.04. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $119.21. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 75.99, a PEG ratio of 4.15 and a beta of 1.38.

Analysts Set New Price Targets

BFAM has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $100.00 to $125.00 in a research report on Wednesday, February 28th. Robert W. Baird increased their price target on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group upped their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.43.

Insider Activity

In related news, CEO Stephen Howard Kramer sold 11,250 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $113.95, for a total value of $1,281,937.50. Following the sale, the chief executive officer now owns 122,573 shares of the company’s stock, valued at $13,967,193.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Stephen Howard Kramer sold 11,250 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total value of $1,281,937.50. Following the transaction, the chief executive officer now directly owns 122,573 shares of the company’s stock, valued at $13,967,193.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,890 shares of company stock valued at $3,744,040. Insiders own 1.28% of the company’s stock.

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.