UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,260 shares of the company's stock after purchasing an additional 7,451 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of Bright Horizons Family Solutions worth $19,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd lifted its holdings in shares of Bright Horizons Family Solutions by 62.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock worth $787,000 after acquiring an additional 2,739 shares during the last quarter. Barclays PLC raised its position in Bright Horizons Family Solutions by 57.5% during the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after purchasing an additional 11,057 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $679,000. New York State Common Retirement Fund lifted its stake in Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock worth $12,768,000 after purchasing an additional 35,959 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth about $5,212,000.

Insider Activity

In other news, CFO Elizabeth J. Boland sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the transaction, the chief financial officer now directly owns 80,162 shares of the company's stock, valued at approximately $10,594,209.92. The trade was a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. The trade was a 9.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,782 shares of company stock valued at $2,162,973. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Trading Down 0.7%

Shares of NYSE:BFAM traded down $0.92 during trading on Monday, reaching $128.28. 335,392 shares of the company traded hands, compared to its average volume of 455,957. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 53.45 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The business's fifty day moving average is $122.13 and its 200-day moving average is $119.80.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The company 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 business posted $0.51 EPS. As a group, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BFAM shares. Wall Street Zen raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. BMO Capital Markets lifted their price target on shares of 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. Finally, Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. One research 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 stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $138.33.

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.