Impax Asset Management Group plc Acquires 5,142 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Impax Asset Management Group plc lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 25.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,530 shares of the company’s stock after buying an additional 5,142 shares during the period. Impax Asset Management Group plc’s holdings in Bright Horizons Family Solutions were worth $2,830,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BFAM. Versant Capital Management Inc bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $25,000. True Wealth Design LLC bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth about $49,000. Capital Performance Advisors LLP bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth about $75,000. Daiwa Securities Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 37.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after buying an additional 145 shares during the last quarter. Finally, Anchor Investment Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 423.2% in the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock worth $92,000 after buying an additional 529 shares during the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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. UBS Group cut their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. The Goldman Sachs Group cut their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. 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 report on Tuesday, February 18th. Finally, Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a report on Friday, November 22nd. One research 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. According to MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $127.11 on Wednesday. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 52.96 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90. The firm has a 50-day moving average of $117.62 and a two-hundred day moving average of $124.50.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current 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.