Needham Investment Management LLC Raises Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Needham Investment Management LLC boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,000 shares of the company's stock after buying an additional 2,500 shares during the quarter. Needham Investment Management LLC owned 0.19% of Bright Horizons Family Solutions worth $12,415,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Millennium Management LLC raised its position in Bright Horizons Family Solutions by 1,081.6% in the 4th quarter. Millennium Management LLC now owns 354,241 shares of the company's stock worth $39,268,000 after buying an additional 324,262 shares during the last quarter. LRI Investments LLC increased its position in shares of Bright Horizons Family Solutions by 203.9% during the 4th quarter. LRI Investments LLC now owns 1,389 shares of the company's stock valued at $154,000 after purchasing an additional 932 shares during the last quarter. Graham Capital Management L.P. increased its position in shares of Bright Horizons Family Solutions by 122.3% during the 4th quarter. Graham Capital Management L.P. now owns 27,534 shares of the company's stock valued at $3,052,000 after purchasing an additional 15,146 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $294,000. Finally, Fund 1 Investments LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $243,000.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now directly owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This trade represents a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now directly owns 33,449 shares of the company's stock, 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. Insiders sold a total of 4,500 shares of company stock valued at $561,900 in the last three months. 1.22% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Trading Up 0.7%

Bright Horizons Family Solutions stock opened at $122.94 on Tuesday. The firm has a 50 day moving average of $122.08 and a 200 day moving average of $119.22. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 51.22 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month 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.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. UBS Group reduced their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Morgan Stanley upped their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group reduced their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.