Charles Schwab Investment Management Inc. Acquires 1,159 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Charles Schwab Investment Management Inc. raised its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 646,232 shares of the company’s stock after purchasing an additional 1,159 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Bright Horizons Family Solutions were worth $90,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BFAM. Massachusetts Financial Services Co. MA increased its stake in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in Bright Horizons Family Solutions by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock worth $337,832,000 after buying an additional 44,893 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after buying an additional 51,024 shares during the last quarter. Geneva Capital Management LLC grew its holdings in Bright Horizons Family Solutions by 0.5% during the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after acquiring an additional 2,649 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in Bright Horizons Family Solutions by 64.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after acquiring an additional 222,823 shares during the period.

Analyst Ratings Changes

BFAM has been the topic of a number of recent analyst reports. Barclays boosted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group raised their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.50.

Bright Horizons Family Solutions Trading Up 0.4 %

NYSE:BFAM opened at $115.12 on Wednesday. Bright Horizons Family Solutions Inc. has a one year low of $86.79 and a one year high of $141.90. The company has a market cap of $6.70 billion, a PE ratio of 57.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a 50-day moving average of $128.01 and a 200-day moving average of $122.58.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same period in the previous year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.22% of the company’s stock.

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.