Meeder Asset Management Inc. Invests $268,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Meeder Asset Management Inc. acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,909 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds have also made changes to their positions in the stock. CANADA LIFE ASSURANCE Co boosted its stake in Bright Horizons Family Solutions by 141.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after buying an additional 8,666 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $981,000. TimesSquare Capital Management LLC acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $13,639,000. Dimensional Fund Advisors LP raised its holdings in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after purchasing an additional 51,024 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Bright Horizons Family Solutions by 16.5% in the 3rd quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock worth $349,000 after purchasing an additional 352 shares in the last quarter.

Bright Horizons Family Solutions Stock Up 1.0 %

BFAM stock opened at $109.06 on Wednesday. The company has a 50 day moving average of $130.24 and a two-hundred day moving average of $122.64. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 12-month low of $86.79 and a 12-month high of $141.90. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 54.80 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same period last year, the company earned $0.78 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird upped their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $137.00 to $125.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average target price of $141.50.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.22% of the stock is owned by corporate insiders.

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.