Bamco Inc. NY Has $172.85 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bamco Inc. NY lifted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,559,277 shares of the company's stock after purchasing an additional 69,940 shares during the quarter. Bamco Inc. NY owned 2.68% of Bright Horizons Family Solutions worth $172,846,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Bright Horizons Family Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock worth $603,332,000 after purchasing an additional 101,151 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Bright Horizons Family Solutions by 60.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after buying an additional 1,868,117 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Bright Horizons Family Solutions by 16.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after acquiring an additional 511,905 shares during the last quarter. William Blair Investment Management LLC increased its position in Bright Horizons Family Solutions by 29.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after acquiring an additional 532,644 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Bright Horizons Family Solutions by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 929,542 shares of the company's stock worth $103,075,000 after acquiring an additional 4,710 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 0.5 %

Shares of NYSE:BFAM traded up $0.55 during mid-day trading on Friday, reaching $122.54. The stock had a trading volume of 330,566 shares, compared to its average volume of 437,816. The firm has a market cap of $7.03 billion, a PE ratio of 51.06 and a beta of 1.32. The firm has a 50 day simple moving average of $122.37 and a two-hundred day simple moving average of $119.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The company had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. During the same period last year, the business posted $0.51 earnings per share. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BFAM shares. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday. Jefferies Financial Group dropped their target price on 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. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. BMO Capital Markets lifted their price objective on 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, UBS Group cut their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. 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 assigned a strong buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.33.

Insiders Place Their Bets

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 shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares in the company, valued at $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $125.36, for a total transaction of $125,360.00. Following the sale, the chief operating officer now owns 31,449 shares in the company, valued at approximately $3,942,446.64. The trade was a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,500 shares of company stock worth $561,900 over the last ninety days. 1.22% of the stock is currently owned by corporate insiders.

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.