Man Group plc Takes Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Man Group plc bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,554 shares of the company's stock, valued at approximately $1,724,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atala Financial Inc purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth about $32,000. Tortoise Investment Management LLC grew its holdings in shares of Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after buying an additional 181 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Bright Horizons Family Solutions by 194.8% during the fourth quarter. Federated Hermes Inc. now owns 914 shares of the company's stock worth $101,000 after buying an additional 604 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Bright Horizons Family Solutions by 203.9% during the fourth quarter. LRI Investments LLC now owns 1,389 shares of the company's stock worth $154,000 after buying an additional 932 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Bright Horizons Family Solutions by 926.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock worth $157,000 after buying an additional 1,279 shares in the last quarter.

Wall Street Analyst Weigh In

BFAM has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Morgan Stanley boosted their target price 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. Finally, Wall Street Zen upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $138.33.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded down $1.67 during trading on Wednesday, hitting $129.83. 353,928 shares of the stock were exchanged, compared to its average volume of 454,084. The stock's fifty day moving average is $121.85 and its 200 day moving average is $119.20. The stock has a market cap of $7.43 billion, a PE ratio of 54.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The business had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares in the company, valued at $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 quarter, insiders have sold 4,500 shares of company stock worth $561,900. Insiders own 1.22% of the company's stock.

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.