Charles Schwab Investment Management Inc. Increases Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Charles Schwab Investment Management Inc. increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 649,111 shares of the company’s stock after buying an additional 2,879 shares during the period. Charles Schwab Investment Management Inc. owned about 1.12% of Bright Horizons Family Solutions worth $71,954,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after purchasing an additional 423,456 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in Bright Horizons Family Solutions by 114.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 209,091 shares of the company’s stock valued at $23,178,000 after purchasing an additional 111,760 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in Bright Horizons Family Solutions by 24.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 294,835 shares of the company’s stock valued at $32,682,000 after purchasing an additional 57,575 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Bright Horizons Family Solutions by 23.1% in the third quarter. Loomis Sayles & Co. L P now owns 273,901 shares of the company’s stock valued at $38,381,000 after purchasing an additional 51,424 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Bright Horizons Family Solutions by 19.7% in the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock valued at $30,669,000 after purchasing an additional 35,971 shares during the last quarter.

Bright Horizons Family Solutions Trading Down 1.5 %

Bright Horizons Family Solutions stock opened at $122.40 on Wednesday. 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 52 week low of $100.59 and a 52 week high of $141.90. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 51.00 and a beta of 1.50. The stock has a 50-day moving average price of $121.07 and a 200 day moving average price of $124.06.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling

In other news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now directly owns 22,757 shares of the company’s stock, valued at $2,838,708.18. This represents a 9.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group cut their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group dropped their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. Jefferies Financial Group dropped their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

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.