Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 742.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,399 shares of the company's stock after purchasing an additional 240,960 shares during the quarter. Deutsche Bank AG owned approximately 0.47% of Bright Horizons Family Solutions worth $30,306,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BFAM. Y Intercept Hong Kong Ltd lifted its position in shares of Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock valued at $787,000 after buying an additional 2,739 shares during the last quarter. Barclays PLC boosted its stake in Bright Horizons Family Solutions by 57.5% in the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after acquiring an additional 11,057 shares in the last quarter. New York Life Investment Management LLC purchased a new position in Bright Horizons Family Solutions in the fourth quarter worth $679,000. New York State Common Retirement Fund increased its position in shares of Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock worth $12,768,000 after purchasing an additional 35,959 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth $5,212,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BFAM. Morgan Stanley upped their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company 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 report on Saturday, February 22nd. 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 report on Tuesday, February 18th. Jefferies Financial Group lowered 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 note on Thursday, January 23rd. Finally, UBS Group cut their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.33.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock traded up $0.14 during mid-day trading on Monday, hitting $124.47. The stock had a trading volume of 47,127 shares, compared to its average volume of 444,738. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The company's 50-day simple moving average is $121.81 and its 200-day simple moving average is $118.94. The firm has a market cap of $7.13 billion, a PE ratio of 51.78 and a beta of 1.32. 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 - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The firm had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling

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

Bright Horizons Family Solutions Company 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.