American Century Companies Inc. Buys 162,278 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

American Century Companies Inc. lifted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 29.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 711,745 shares of the company’s stock after buying an additional 162,278 shares during the quarter. American Century Companies Inc.’s holdings in Bright Horizons Family Solutions were worth $78,897,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. William Blair Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 29.0% in 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 period. State Street Corp lifted its position in Bright Horizons Family Solutions by 0.4% during the third quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after acquiring an additional 3,970 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after acquiring an additional 7,597 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter valued at approximately $79,578,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Bright Horizons Family Solutions by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,111 shares of the company’s stock worth $71,954,000 after purchasing an additional 2,879 shares during the period.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the 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 in the company, valued at $4,170,755.81. This represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, the director now owns 22,757 shares of the company’s stock, 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. Corporate insiders own 1.22% of the company’s stock.

Analyst Ratings Changes

BFAM has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, December 27th. BMO Capital Markets boosted 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 report on Tuesday, February 18th. UBS Group lowered 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 report on Friday, January 24th. Jefferies Financial Group reduced 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 report on Thursday, January 23rd. Finally, StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Bright Horizons Family Solutions Stock Up 1.4 %

BFAM stock opened at $126.46 on Tuesday. The stock has a market capitalization of $7.25 billion, a P/E ratio of 52.69 and a beta of 1.50. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $123.68 and a 200-day moving average price of $123.14. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released 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 net margin of 5.22% and a return on equity of 13.63%. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

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.