Russell Investments Group Ltd. Buys 5,465 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Russell Investments Group Ltd. lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 140.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,359 shares of the company’s stock after buying an additional 5,465 shares during the period. Russell Investments Group Ltd.’s holdings in Bright Horizons Family Solutions were worth $1,037,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Barclays PLC raised its position in 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 in the last quarter. Anchor Investment Management LLC lifted its position in shares of Bright Horizons Family Solutions by 423.2% during 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. Tidal Investments LLC acquired a new stake in Bright Horizons Family Solutions in the third quarter valued at about $695,000. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth about $25,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bright Horizons Family Solutions by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after acquiring an additional 113 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BFAM. Jefferies Financial Group lowered their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group dropped their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 27th. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Morgan Stanley dropped their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. Finally, BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now directly owns 22,757 shares of the company’s stock, valued at $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions 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 directly owns 33,449 shares of the company’s stock, valued at approximately $4,170,755.81. This trade represents a 2.90 % 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 opened at $113.38 on Tuesday. The company has a market capitalization of $6.50 billion, a PE ratio of 47.24 and a beta of 1.31. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The firm has a fifty day simple moving average of $123.61 and a 200 day simple moving average of $120.28.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data 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, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS 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.