D. E. Shaw & Co. Inc. Purchases New Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

D. E. Shaw & Co. Inc. bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,962 shares of the company's stock, valued at approximately $6,758,000. D. E. Shaw & Co. Inc. owned about 0.10% of Bright Horizons Family Solutions at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Bright Horizons Family Solutions by 24.6% during the third quarter. Barclays PLC now owns 19,215 shares of the company's stock worth $2,693,000 after purchasing an additional 3,796 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bright Horizons Family Solutions by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock worth $601,000 after purchasing an additional 113 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Bright Horizons Family Solutions by 17.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,650 shares of the company's stock worth $10,935,000 after purchasing an additional 14,583 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Bright Horizons Family Solutions by 23.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,881 shares of the company's stock worth $430,000 after purchasing an additional 736 shares during the period. Finally, Avanza Fonder AB acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $93,000.

Bright Horizons Family Solutions Stock Down 0.3%

Shares of Bright Horizons Family Solutions stock traded down $0.37 on Monday, hitting $123.96. 560,781 shares of the company's stock traded hands, compared to its average volume of 446,738. The stock has a market cap of $7.10 billion, a P/E ratio of 51.65 and a beta of 1.32. 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's 50-day moving average is $121.81 and its 200 day moving average is $118.94. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90.

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 (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. The business had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The business's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group reduced their target price on 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. BMO Capital Markets raised their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Morgan Stanley raised their price target 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. Finally, UBS Group dropped their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. One 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. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.33.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the firm's 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 completion of the sale, the director now directly owns 22,757 shares in the company, valued at approximately $2,838,708.18. This trade represents a 9.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $125.36, for a total value of $125,360.00. Following the completion of the transaction, the chief operating officer now directly owns 31,449 shares in the company, valued at $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. Over the last ninety days, insiders have sold 4,500 shares of company stock valued at $561,900. Company insiders own 1.22% of the company's stock.

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.