Oberweis Asset Management Inc. Acquires 36,600 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Oberweis Asset Management Inc. boosted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,904 shares of the company's stock after acquiring an additional 36,600 shares during the period. Oberweis Asset Management Inc. owned 0.22% of Bright Horizons Family Solutions worth $14,400,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Bright Horizons Family Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock worth $603,332,000 after acquiring an additional 101,151 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Bright Horizons Family Solutions by 60.4% in 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 during the period. JPMorgan Chase & Co. raised its stake in shares of Bright Horizons Family Solutions by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after buying an additional 511,905 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Bright Horizons Family Solutions by 29.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after purchasing an additional 532,644 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 929,542 shares of the company's stock valued at $103,075,000 after buying an additional 4,710 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group reduced their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 24th. BMO Capital Markets lifted their target price 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. Morgan Stanley cut their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a report on Tuesday, February 11th. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Jefferies Financial Group cut their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.67.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company'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 sale, the chief operating officer now owns 33,449 shares in the company, valued at approximately $4,170,755.81. The trade was a 2.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 transaction, the director now owns 22,757 shares in the company, valued at $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM traded up $1.99 during midday trading on Tuesday, reaching $123.31. 120,072 shares of the company's stock were exchanged, compared to its average volume of 440,420. 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's 50 day simple moving average is $122.88 and its two-hundred day simple moving average is $119.74. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The firm has a market capitalization of $7.07 billion, a PE ratio of 51.33 and a beta of 1.31.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Bright Horizons Family Solutions 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.