Impax Asset Management Group plc Boosts Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Impax Asset Management Group plc raised its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,044 shares of the company's stock after buying an additional 3,514 shares during the period. Impax Asset Management Group plc owned 0.05% of Bright Horizons Family Solutions worth $3,690,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BFAM. Vanguard Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 1.9% during the fourth 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. grew its holdings in shares of Bright Horizons Family Solutions by 60.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 worth $393,141,000 after acquiring an additional 511,905 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 29.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after buying an additional 532,644 shares in the last quarter. Finally, 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 worth $172,846,000 after buying an additional 69,940 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their price target for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley increased their price objective 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average target price of $138.67.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director David H. Lissy sold 6,282 shares of the firm's stock in a transaction 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 owned 69,312 shares in the company, valued at $9,017,491.20. This trade represents a 8.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $128.49, for a total value of $321,225.00. Following the transaction, the director owned 20,257 shares of the company's stock, valued at $2,602,821.93. The trade was a 10.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,282 shares of company stock valued at $1,848,993 in the last ninety days. Corporate insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Down 0.7%

NYSE BFAM traded down $0.77 on Wednesday, reaching $116.79. The company had a trading volume of 193,838 shares, compared to its average volume of 473,193. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6.69 billion, a P/E ratio of 42.16 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. The company's fifty day moving average is $124.08 and its 200 day moving average is $121.70.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $665.53 million for the quarter, compared to analysts' expectations of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. Bright Horizons Family Solutions's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal 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.