Bank of America Corp DE Boosts Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bank of America Corp DE grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,078 shares of the company's stock after purchasing an additional 4,264 shares during the quarter. Bank of America Corp DE owned about 0.19% of Bright Horizons Family Solutions worth $12,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BFAM. Barclays PLC lifted its position in shares of Bright Horizons Family Solutions by 24.6% during the 3rd quarter. Barclays PLC now owns 19,215 shares of the company's stock valued at $2,693,000 after acquiring an additional 3,796 shares during the period. Park Avenue Securities LLC lifted its position 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 last quarter. Merit Financial Group LLC bought a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $215,000. SG Americas Securities LLC bought a new position in Bright Horizons Family Solutions in the fourth quarter worth about $271,000. Finally, Berry Wealth Group LP raised its holdings in shares of Bright Horizons Family Solutions by 11.4% during the fourth quarter. Berry Wealth Group LP now owns 2,374 shares of the company's stock valued at $263,000 after buying an additional 242 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Morgan Stanley raised 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 report on Tuesday, May 6th. Finally, BMO Capital Markets raised 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 report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.33.

Bright Horizons Family Solutions Stock Down 0.4%

Shares of Bright Horizons Family Solutions stock traded down $0.54 during trading on Wednesday, reaching $130.96. The stock had a trading volume of 34,102 shares, compared to its average volume of 451,609. The stock has a fifty day moving average price of $121.85 and a two-hundred day moving average price of $119.20. 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 current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 54.53 and a beta of 1.32.

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

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction dated 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. The trade was a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the sale, the director now directly owns 22,757 shares in the company, valued at $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. Insiders have sold 4,500 shares of company stock worth $561,900 in the last ninety days. 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.