Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 213,222 shares of the company’s stock after purchasing an additional 4,494 shares during the period. Bank of New York Mellon Corp owned approximately 0.37% of Bright Horizons Family Solutions worth $23,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Impax Asset Management Group plc lifted its stake in Bright Horizons Family Solutions by 25.2% in the fourth quarter. Impax Asset Management Group plc now owns 25,530 shares of the company’s stock worth $2,830,000 after acquiring an additional 5,142 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Bright Horizons Family Solutions by 62.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock worth $787,000 after acquiring an additional 2,739 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Bright Horizons Family Solutions in the fourth quarter worth approximately $2,328,000. Ieq Capital LLC lifted its stake in Bright Horizons Family Solutions by 513.4% in the fourth quarter. Ieq Capital LLC now owns 26,504 shares of the company’s stock worth $2,938,000 after acquiring an additional 22,183 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted 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 worth $23,178,000 after acquiring an additional 111,760 shares during the last quarter.

Bright Horizons Family Solutions Stock Up 0.1 %

BFAM stock opened at $127.52 on Monday. The company has a fifty day moving average price of $120.79 and a 200 day moving average price of $124.23. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 53.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS 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%. Sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. UBS Group decreased their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group reduced their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.