Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. raised its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 289,884 shares of the company's stock after purchasing an additional 11,967 shares during the period. Bessemer Group Inc. owned 0.51% of Bright Horizons Family Solutions worth $36,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BFAM. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock worth $603,332,000 after buying an additional 101,151 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Bright Horizons Family Solutions by 60.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after acquiring an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Bright Horizons Family Solutions by 16.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after acquiring an additional 511,905 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after acquiring an additional 532,644 shares in the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Bright Horizons Family Solutions by 4.7% during the 4th quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock valued at $172,846,000 after acquiring an additional 69,940 shares during the last quarter.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the 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 transaction, the chief operating officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total value of $462,560.00. Following the completion of the transaction, the chief financial officer now owns 80,162 shares of the company's stock, valued at approximately $10,594,209.92. The trade was a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,282 shares of company stock valued at $1,726,433 in the last three months. 1.21% of the stock is owned by insiders.

Bright Horizons Family Solutions Stock Down 0.7%

Shares of BFAM traded down $0.85 during midday trading on Thursday, hitting $120.33. 668,911 shares of the company's stock traded hands, compared to its average volume of 464,462. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 43.44 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The firm's fifty day moving average is $123.74 and its 200-day moving average is $120.92.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its 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 company 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 14.62% and a net margin of 5.91%. The firm's quarterly 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. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Wall Street Analyst Weigh In

BFAM has been the topic of a number of recent research reports. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their price target for the company from $146.00 to $135.00 in a research note on Monday. Morgan Stanley increased their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $138.67.

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.