Meeder Asset Management Inc. Purchases Shares of 8,192 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Meeder Asset Management Inc. bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,192 shares of the company's stock, valued at approximately $1,041,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of Bright Horizons Family Solutions by 62.2% during the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Bright Horizons Family Solutions by 4.1% during the first quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company's stock worth $267,000 after purchasing an additional 82 shares in the last quarter. Bank of Montreal Can increased its position in shares of Bright Horizons Family Solutions by 3.6% in the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after acquiring an additional 101 shares during the period. Parallel Advisors LLC increased its position in shares of Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in shares of Bright Horizons Family Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company's stock valued at $2,808,000 after acquiring an additional 150 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock traded up $11.99 during mid-day trading on Friday, hitting $125.09. 1,620,844 shares of the stock were exchanged, compared to its average volume of 514,727. The firm has a fifty day moving average of $120.82 and a 200 day moving average of $122.00. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90. The company has a market cap of $7.16 billion, a PE ratio of 41.01 and a beta of 1.34.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.31%. Bright Horizons Family Solutions's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. Research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total value of $122,560.00. Following the transaction, the chief operating officer directly owned 29,449 shares of the company's stock, valued at approximately $3,609,269.44. This trade represents a 3.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David H. Lissy sold 6,282 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total transaction of $817,288.20. Following the completion of the transaction, the director directly owned 69,312 shares in the company, valued at $9,017,491.20. This represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,282 shares of company stock valued at $1,723,633. 1.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley cut their price target on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday, July 28th. 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 report 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Bright Horizons Family Solutions 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.