Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 62.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,097 shares of the company’s stock after purchasing an additional 2,739 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Bright Horizons Family Solutions were worth $787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accretive Wealth Partners LLC boosted its stake in Bright Horizons Family Solutions by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock valued at $833,000 after purchasing an additional 111 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after acquiring an additional 113 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock worth $655,000 after acquiring an additional 133 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Bright Horizons Family Solutions by 37.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after acquiring an additional 145 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 9.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,454 shares of the company’s stock worth $272,000 after acquiring an additional 204 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BFAM shares. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a research note on Friday, November 22nd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, Jefferies Financial Group cut their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Stock Up 2.1 %

BFAM stock opened at $129.63 on Friday. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The company’s 50 day simple moving average is $118.51 and its 200-day simple moving average is $124.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $7.54 billion, a P/E ratio of 54.01 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions 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.