Massachusetts Financial Services Co. MA Boosts Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Massachusetts Financial Services Co. MA grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,757,594 shares of the company’s stock after buying an additional 87,256 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Bright Horizons Family Solutions were worth $303,556,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after purchasing an additional 29,942 shares in the last quarter. Capital World Investors lifted its holdings in Bright Horizons Family Solutions by 10.5% in the 4th quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after purchasing an additional 128,632 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bright Horizons Family Solutions by 18.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 708,527 shares of the company’s stock worth $66,775,000 after purchasing an additional 109,548 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Bright Horizons Family Solutions by 1.8% in the 4th quarter. Westfield Capital Management Co. LP now owns 657,685 shares of the company’s stock worth $61,980,000 after purchasing an additional 11,477 shares in the last quarter. Finally, Norges Bank purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $57,363,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BFAM. The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays upped their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their price objective on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets upped their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Finally, Morgan Stanley upped their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $129.25.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $139.99 on Tuesday. The company has a market cap of $8.12 billion, a P/E ratio of 98.58 and a beta of 1.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. The business’s 50 day moving average price is $129.67 and its 200-day moving average price is $116.70. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.15. The firm had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the transaction, the chief operating officer now owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the transaction, the director now owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,635 shares of company stock valued at $3,198,948. 1.22% of the stock is currently owned by insiders.

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.