Bank of America Corp DE Acquires 4,264 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

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

Several other hedge funds have also recently added to or reduced their stakes in BFAM. Barclays PLC lifted its position in Bright Horizons Family Solutions by 24.6% in 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. Park Avenue Securities LLC increased its position in shares of Bright Horizons Family Solutions by 23.4% in the fourth quarter. Park Avenue Securities LLC now owns 3,881 shares of the company's stock worth $430,000 after acquiring an additional 736 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $215,000. SG Americas Securities LLC purchased a new stake in Bright Horizons Family Solutions in the 4th quarter worth about $271,000. Finally, Berry Wealth Group LP boosted its position in Bright Horizons Family Solutions by 11.4% during the 4th quarter. Berry Wealth Group LP now owns 2,374 shares of the company's stock worth $263,000 after acquiring an additional 242 shares during the period.

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 on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the sale, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's 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 in the company, valued at approximately $2,838,708.18. This represents a 9.90% decrease in their position. 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.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM traded up $1.72 on Tuesday, hitting $131.34. The stock had a trading volume of 323,395 shares, compared to its average volume of 451,942. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 54.87 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The firm's 50 day moving average price is $121.74 and its 200-day moving average price is $119.11.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly 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. The firm had revenue of $665.53 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. On average, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Morgan Stanley boosted 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 research note on Tuesday, May 6th. Finally, 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. 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 currently has an average rating of "Moderate Buy" and an average price target of $138.33.

About Bright Horizons Family Solutions

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.