GW&K Investment Management LLC Buys 104,876 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

GW&K Investment Management LLC raised its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 23.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 558,510 shares of the company's stock after buying an additional 104,876 shares during the quarter. GW&K Investment Management LLC owned 0.97% of Bright Horizons Family Solutions worth $70,953,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BFAM. SG Americas Securities LLC lifted its holdings in Bright Horizons Family Solutions by 355.6% during the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock worth $1,415,000 after purchasing an additional 8,694 shares in the last quarter. Impax Asset Management Group plc grew its position in Bright Horizons Family Solutions by 13.8% during the 1st quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock worth $3,690,000 after acquiring an additional 3,514 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Bright Horizons Family Solutions by 9.9% in the 1st quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock worth $77,855,000 after buying an additional 55,115 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Bright Horizons Family Solutions by 4.3% in the 1st quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock worth $36,826,000 after buying an additional 11,967 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Bright Horizons Family Solutions by 57.5% in the 4th quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after purchasing an additional 11,057 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total transaction of $122,560.00. Following the completion of the sale, the chief operating officer directly owned 29,449 shares of the company's stock, valued at $3,609,269.44. This represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 20,257 shares in the company, valued at approximately $2,602,821.93. This represents a 10.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,282 shares of company stock worth $1,848,993 in the last 90 days. Company insiders own 1.21% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their price target for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley increased their price target 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 given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $138.67.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $114.81 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60. 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 fifty-two week low of $103.75 and a fifty-two week high of $141.90. The firm has a 50-day simple moving average of $122.65 and a 200-day simple moving average of $122.07.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) 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 company had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. During the same period last year, the company posted $0.51 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.

Want to see what other hedge funds are holding BFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.