Quantinno Capital Management LP Grows Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Quantinno Capital Management LP grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 95.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,546 shares of the company's stock after purchasing an additional 4,183 shares during the period. Quantinno Capital Management LP's holdings in Bright Horizons Family Solutions were worth $947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Bright Horizons Family Solutions by 24.6% during the third quarter. Barclays PLC now owns 19,215 shares of the company's stock worth $2,693,000 after buying an additional 3,796 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Bright Horizons Family Solutions by 23.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,881 shares of the company's stock worth $430,000 after buying an additional 736 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $215,000. SG Americas Securities LLC acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $271,000. Finally, Berry Wealth Group LP grew its position in shares of Bright Horizons Family Solutions by 11.4% during the fourth quarter. Berry Wealth Group LP now owns 2,374 shares of the company's stock worth $263,000 after buying an additional 242 shares in the last quarter.

Insider Activity

In other news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $125.36, for a total value of $125,360.00. Following the sale, the chief operating officer now owns 31,449 shares of the company's stock, valued at $3,942,446.64. This trade represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,500 shares of company stock valued at $561,900. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock traded down $0.18 during trading hours on Thursday, hitting $128.82. The stock had a trading volume of 297,700 shares, compared to its average volume of 454,035. The firm has a market capitalization of $7.38 billion, a PE ratio of 53.60 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The stock's 50 day moving average is $121.94 and its 200 day moving average is $119.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BFAM. Morgan Stanley boosted their price objective 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. Wall Street Zen raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $138.33.

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.