Geode Capital Management LLC Grows Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Geode Capital Management LLC increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 929,542 shares of the company’s stock after buying an additional 4,710 shares during the period. Geode Capital Management LLC owned about 1.60% of Bright Horizons Family Solutions worth $103,075,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its holdings in Bright Horizons Family Solutions by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after acquiring an additional 96 shares in the last quarter. Accretive Wealth Partners LLC grew its holdings 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 worth $833,000 after acquiring an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Bright Horizons Family Solutions by 2.1% during 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 in the last quarter. Arizona State Retirement System grew its holdings in Bright Horizons Family Solutions by 0.9% during the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock worth $1,681,000 after acquiring an additional 129 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Bright Horizons Family Solutions by 9.7% during the 4th quarter. AlphaQuest LLC now owns 1,881 shares of the company’s stock worth $209,000 after acquiring an additional 166 shares in the last quarter.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares of the company’s stock, valued at approximately $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Jefferies Financial Group lowered 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 report on Thursday, January 23rd. UBS Group lowered their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Morgan Stanley lowered their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.67.

Bright Horizons Family Solutions Stock Up 8.5 %

Shares of Bright Horizons Family Solutions stock opened at $119.57 on Thursday. The company has a market cap of $6.86 billion, a P/E ratio of 49.82 and a beta of 1.31. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The firm has a fifty day moving average of $124.28 and a two-hundred day moving average of $121.64.

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 return on equity of 13.63% and a net margin of 5.22%. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.