Hsbc Holdings PLC Buys 13,509 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Hsbc Holdings PLC boosted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 195.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,419 shares of the company's stock after acquiring an additional 13,509 shares during the period. Hsbc Holdings PLC's holdings in Bright Horizons Family Solutions were worth $2,255,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Barclays PLC grew its position in shares of Bright Horizons Family Solutions by 24.6% during the 3rd quarter. Barclays PLC now owns 19,215 shares of the company's stock valued at $2,693,000 after purchasing an additional 3,796 shares in the last quarter. Anchor Investment Management LLC boosted its stake in Bright Horizons Family Solutions by 423.2% during the third quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock valued at $92,000 after buying an additional 529 shares during the period. Tidal Investments LLC purchased a new position in Bright Horizons Family Solutions during the third quarter worth about $695,000. Versant Capital Management Inc bought a new position in Bright Horizons Family Solutions in the 4th quarter worth about $25,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock valued at $601,000 after acquiring an additional 113 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Jefferies Financial Group decreased their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Morgan Stanley dropped their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, UBS Group dropped their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. One 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $137.67.

Insider Transactions 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 dated 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 in the company, valued at approximately $2,838,708.18. This trade represents a 9.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $125.36, for a total transaction of $125,360.00. Following the transaction, the chief operating officer now owns 31,449 shares in the company, valued at $3,942,446.64. This represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,500 shares of company stock valued at $561,900. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Trading Up 2.8 %

NYSE:BFAM traded up $3.48 during midday trading on Friday, reaching $128.23. 269,151 shares of the stock traded hands, compared to its average volume of 441,180. The stock has a market capitalization of $7.36 billion, a P/E ratio of 53.43 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. The company has a fifty day moving average of $122.76 and a 200 day moving average of $119.63. 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. On average, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

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.