Asset Management One Co. Ltd. Has $7.07 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Asset Management One Co. Ltd. boosted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 17.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,713 shares of the company's stock after acquiring an additional 8,470 shares during the quarter. Asset Management One Co. Ltd. owned 0.10% of Bright Horizons Family Solutions worth $7,066,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Y Intercept Hong Kong Ltd lifted its holdings in Bright Horizons Family Solutions by 62.8% in 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 period. Bank of New York Mellon Corp lifted its stake in shares of Bright Horizons Family Solutions by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 213,222 shares of the company's stock valued at $23,636,000 after purchasing an additional 4,494 shares during the period. New York Life Investment Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $679,000. Oppenheimer Asset Management Inc. grew its stake in Bright Horizons Family Solutions by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock worth $1,463,000 after purchasing an additional 96 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth approximately $3,072,000.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $122.23 on Friday. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.90. The company's 50 day moving average price is $123.94 and its two-hundred day moving average price is $121.04. The stock has a market cap of $7.00 billion, a P/E ratio of 44.12 and a beta of 1.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. The firm had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. During the same period in the prior year, the firm earned $0.51 EPS. The company's revenue was up 6.9% compared to the same quarter last year. On average, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $128.49, for a total transaction of $321,225.00. Following the completion of the sale, the director now directly owns 20,257 shares in the company, valued at $2,602,821.93. This represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David H. Lissy sold 6,282 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the transaction, the director now directly owns 69,312 shares in the company, valued at $9,017,491.20. This trade represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,282 shares of company stock worth $1,726,433. 1.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BFAM shares. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price objective for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley raised their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.67.

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.

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