Schwab Charles Investment Management Inc. boosted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,102 shares of the company’s stock after buying an additional 21,567 shares during the period. Schwab Charles Investment Management Inc. owned 0.46% of Bright Horizons Family Solutions worth $19,943,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in BFAM. Russell Investments Group Ltd. acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth $886,000. State Board of Administration of Florida Retirement System boosted its stake in Bright Horizons Family Solutions by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,558 shares of the company’s stock valued at $1,439,000 after buying an additional 410 shares during the period. Comerica Bank purchased a new stake in Bright Horizons Family Solutions during the fourth quarter valued at approximately $232,000. State Street Corp boosted its stake in Bright Horizons Family Solutions by 5.9% in the fourth quarter. State Street Corp now owns 814,723 shares of the company’s stock valued at $57,048,000 after buying an additional 45,076 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Bright Horizons Family Solutions by 10.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,303 shares of the company’s stock valued at $790,000 after buying an additional 1,025 shares during the period. Institutional investors own 98.74% of the company’s stock.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded up 0.54% during midday trading on Thursday, reaching $78.91. The company’s stock had a trading volume of 216,563 shares. Bright Horizons Family Solutions Inc. has a 12 month low of $59.00 and a 12 month high of $81.23. The company has a market cap of $4.72 billion, a PE ratio of 42.20 and a beta of 0.12. The stock has a 50-day moving average price of $77.85 and a 200 day moving average price of $73.96.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.32%. The business had revenue of $445.55 million during the quarter, compared to analysts’ expectations of $443.90 million. During the same period in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts expect that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Tuesday, May 9th. BidaskClub lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. initiated coverage on Bright Horizons Family Solutions in a report on Tuesday, July 18th. They issued a “buy” rating and a $90.00 price target on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $83.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, May 5th. Finally, Credit Suisse Group downgraded Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $80.00 to $83.00 in a research report on Friday, May 12th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.00.

In related news, Director Marguerite Kondracke sold 1,000 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $77.36, for a total value of $77,360.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $464,160. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mandy Berman sold 3,699 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $75.94, for a total transaction of $280,902.06. Following the completion of the transaction, the chief accounting officer now owns 16,125 shares of the company’s stock, valued at $1,224,532.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,199,547 shares of company stock valued at $332,728,747. Company insiders own 2.90% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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