Point72 Asset Management L.P. Purchases 447,457 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Point72 Asset Management L.P. grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 199.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 671,635 shares of the company's stock after purchasing an additional 447,457 shares during the quarter. Point72 Asset Management L.P. owned about 1.15% of Bright Horizons Family Solutions worth $74,451,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BFAM. Barclays PLC grew its stake in shares of Bright Horizons Family Solutions by 24.6% during the third 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Bright Horizons Family Solutions by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock worth $601,000 after buying an additional 113 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Bright Horizons Family Solutions by 17.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 98,650 shares of the company's stock valued at $10,935,000 after buying an additional 14,583 shares during the last quarter. Park Avenue Securities LLC boosted its position in Bright Horizons Family Solutions by 23.4% in the 4th quarter. Park Avenue Securities LLC now owns 3,881 shares of the company's stock valued at $430,000 after buying an additional 736 shares during the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at $93,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group cut their price target on 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. StockNews.com upgraded 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 target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Morgan Stanley boosted their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. Finally, BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. One equities research 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.33.

Bright Horizons Family Solutions Trading Down 1.2%

NYSE:BFAM traded down $1.44 during trading hours on Wednesday, hitting $122.13. The stock had a trading volume of 140,731 shares, compared to its average volume of 445,857. The business's 50 day moving average is $121.79 and its 200-day moving average is $118.90. 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 market cap of $6.99 billion, a price-to-earnings ratio of 50.79 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $125.36, for a total transaction of $125,360.00. Following the completion of the sale, the chief operating officer now owns 31,449 shares of the company's stock, valued at $3,942,446.64. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $311,850.00. Following the sale, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,500 shares of company stock worth $561,900 in the last 90 days. Corporate insiders own 1.22% of the company's stock.

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.