Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 637,401 shares of the company's stock after buying an additional 9,851 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.10% of Bright Horizons Family Solutions worth $60,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 3.7% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,820,797 shares of the company's stock worth $229,782,000 after acquiring an additional 101,955 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 11.1% in the third quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company's stock worth $155,849,000 after purchasing an additional 191,545 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Bright Horizons Family Solutions by 17.8% in the third quarter. Westfield Capital Management Co. LP now owns 646,208 shares of the company's stock valued at $52,640,000 after purchasing an additional 97,548 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Bright Horizons Family Solutions by 9.0% in the third quarter. Invesco Ltd. now owns 598,772 shares of the company's stock valued at $48,776,000 after purchasing an additional 49,658 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Bright Horizons Family Solutions by 2.0% during the fourth quarter. Raymond James & Associates now owns 467,625 shares of the company's stock valued at $44,069,000 after buying an additional 9,274 shares during the last quarter.

Insiders Place Their Bets

In related news, CFO Elizabeth J. Boland sold 15,640 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares of the company's stock, valued at $10,237,365.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Stephen Howard Kramer sold 11,250 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the transaction, the chief executive officer now directly owns 122,573 shares in the company, valued at approximately $13,967,193.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 15,640 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the sale, the chief financial officer now directly owns 89,983 shares of the company's stock, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. Insiders have sold 32,890 shares of company stock worth $3,744,040 in the last ninety days. 1.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on BFAM shares. UBS Group dropped their price objective on Bright Horizons Family Solutions from $103.00 to $102.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 14th. Barclays raised shares of Bright Horizons Family Solutions from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $100.00 to $125.00 in a research report on Wednesday, February 28th. The Goldman Sachs Group upped their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an "overweight" rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a "market perform" rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Hold" and a consensus target price of $107.43.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $2.44 during midday trading on Thursday, reaching $112.66. 230,662 shares of the company traded hands, compared to its average volume of 344,468. The firm's fifty day moving average price is $111.18 and its two-hundred day moving average price is $100.92. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 79.84, a price-to-earnings-growth ratio of 4.23 and a beta of 1.38. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.62 by $0.12. The company had revenue of $615.65 million during the quarter, compared to analysts' expectations of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. On average, equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current year.

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.