Sherbrooke Park Advisers LLC Boosts Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Sherbrooke Park Advisers LLC lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 328.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,207 shares of the company's stock after acquiring an additional 4,759 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Bright Horizons Family Solutions were worth $688,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its stake in Bright Horizons Family Solutions by 60.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock valued at $549,654,000 after acquiring an additional 1,868,117 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $91,536,000. Raymond James Financial Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $79,578,000. Norges Bank acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $71,842,000. Finally, William Blair Investment Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 29.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after buying an additional 532,644 shares during the period.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $125.36, for a total transaction of $125,360.00. Following the sale, the chief operating officer now directly owns 31,449 shares in the company, valued at $3,942,446.64. This represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the 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 sale, the director now owns 22,757 shares in the company, 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. In the last three months, insiders have sold 4,500 shares of company stock worth $561,900. 1.22% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Trading Down 0.2%

Shares of Bright Horizons Family Solutions stock traded down $0.27 during mid-day trading on Tuesday, hitting $123.51. The stock had a trading volume of 430,082 shares, compared to its average volume of 447,002. The firm has a 50-day moving average of $121.79 and a two-hundred day moving average of $118.90. 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 quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7.07 billion, a P/E ratio of 51.46 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, beating 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 business had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. During the same quarter in the prior year, the company posted $0.51 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. UBS Group cut 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 research note on Friday, January 24th. Jefferies Financial Group cut 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 research note on Thursday, January 23rd. Finally, BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and an average target price of $138.33.

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.