Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by US Bancorp DE

US Bancorp DE raised its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,744 shares of the company’s stock after acquiring an additional 347 shares during the period. US Bancorp DE’s holdings in Bright Horizons Family Solutions were worth $1,191,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $25,000. True Wealth Design LLC bought a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $49,000. Capital Performance Advisors LLP acquired a new position in shares of Bright Horizons Family Solutions during the third quarter worth approximately $75,000. Daiwa Securities Group Inc. grew its holdings in 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 buying an additional 145 shares in the last quarter. Finally, Anchor Investment Management LLC increased its position in Bright Horizons Family Solutions by 423.2% in the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after acquiring an additional 529 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BFAM shares. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. 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 report on Thursday, January 23rd. Morgan Stanley lowered their target price on shares of 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. The Goldman Sachs Group dropped their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, December 27th. Finally, Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Bright Horizons Family Solutions Stock Up 0.1 %

NYSE BFAM opened at $127.52 on Monday. The company has a market capitalization of $7.31 billion, a P/E ratio of 53.13 and a beta of 1.50. 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 debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company’s 50 day simple moving average is $120.79 and its 200 day simple moving average is $124.23.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data 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 net margin of 5.22% and a return on equity of 13.63%. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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.