Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Cwm LLC

CWM LLC increased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 144.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,843 shares of the company's stock after acquiring an additional 11,122 shares during the period. CWM LLC's holdings in Bright Horizons Family Solutions were worth $2,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Bright Horizons Family Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock valued at $603,332,000 after purchasing an additional 101,151 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Bright Horizons Family Solutions by 60.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock valued at $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 valued at $393,141,000 after purchasing an additional 511,905 shares during the last quarter. Bamco Inc. NY raised its position in 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 purchasing an additional 69,940 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Bright Horizons Family Solutions by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 929,542 shares of the company's stock worth $103,075,000 after acquiring an additional 4,710 shares in the last quarter.

Insider Buying and Selling

In other news, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the transaction, the chief financial officer owned 80,162 shares of the company's stock, valued at approximately $10,594,209.92. This represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David H. Lissy sold 6,282 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the transaction, the director directly owned 69,312 shares in the company, valued at approximately $9,017,491.20. This trade represents a 8.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,282 shares of company stock valued at $1,848,993. Insiders own 1.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley increased their target price on 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 downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price target for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.67.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM traded down $0.24 on Friday, hitting $114.81. 357,524 shares of the company traded hands, compared to its average volume of 476,600. 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 business's 50 day moving average price is $122.65 and its 200-day moving average price is $121.99. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 41.45 and a beta of 1.30. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The company had revenue of $665.53 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. Equities analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Bright Horizons Family Solutions Company 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.