Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by State of Wyoming

State of Wyoming grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 395.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,920 shares of the company's stock after acquiring an additional 4,726 shares during the quarter. State of Wyoming's holdings in Bright Horizons Family Solutions were worth $656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BFAM. T. Rowe Price Investment Management Inc. raised its position in shares of Bright Horizons Family Solutions by 60.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after acquiring an additional 1,868,117 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth about $91,536,000. Raymond James Financial Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth about $79,578,000. Norges Bank acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth about $71,842,000. Finally, William Blair Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after acquiring an additional 532,644 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock traded up $3.50 during midday trading on Friday, hitting $130.02. The company had a trading volume of 720,025 shares, compared to its average volume of 452,232. The company's 50 day simple moving average is $121.72 and its 200 day simple moving average is $119.00. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 54.18 and a beta of 1.32. 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 announced its earnings results 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. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The company had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. During the same period last year, the business posted $0.51 EPS. The company's revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now owns 33,449 shares in the company, valued at approximately $4,170,755.81. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,500 shares of company stock worth $561,900. 1.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group dropped their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Morgan Stanley raised their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, BMO Capital Markets raised their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $138.33.

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.