60,962 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,962 shares of the company's stock, valued at approximately $6,758,000. D. E. Shaw & Co. Inc. owned 0.10% of Bright Horizons Family Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its position in shares of 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 valued at $1,463,000 after purchasing an additional 96 shares during the last quarter. Bank of Montreal Can grew its position in Bright Horizons Family Solutions by 3.6% during the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after acquiring an additional 101 shares during the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Bright Horizons Family Solutions by 1.5% during the fourth 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 lifted its holdings in shares of Bright Horizons Family Solutions by 2.1% in 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 during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Bright Horizons Family Solutions by 0.9% in the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock valued at $1,681,000 after purchasing an additional 129 shares in the last quarter.

Bright Horizons Family Solutions Stock Down 1.1%

Shares of BFAM traded down $1.31 during trading hours on Wednesday, hitting $122.25. The company had a trading volume of 49,158 shares, compared to its average volume of 445,463. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 50.93 and a beta of 1.32. The firm has a fifty day moving average price of $121.79 and a 200-day moving average price of $118.90. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. 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 (NYSE:BFAM - Get Free Report) last announced 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. The company had revenue of $665.53 million during 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction dated 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 of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $125,360.00. Following the completion of the sale, the chief operating officer now owns 31,449 shares of the company's stock, valued at approximately $3,942,446.64. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,500 shares of company stock worth $561,900. Corporate insiders own 1.22% of the company's stock.

Wall Street Analyst Weigh In

BFAM has been the topic of a number of analyst reports. Morgan Stanley lifted their target price 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. 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 on the stock in a report on Thursday, January 23rd. UBS Group decreased 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 note on Friday, January 24th. BMO Capital Markets increased their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $138.33.

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.