Martingale Asset Management L P increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 48.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,706 shares of the company’s stock after acquiring an additional 16,599 shares during the period. Martingale Asset Management L P owned approximately 0.09% of Bright Horizons Family Solutions worth $3,916,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Bright Horizons Family Solutions by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock worth $252,138,000 after buying an additional 153,726 shares during the last quarter. BlackRock Inc. boosted its holdings in Bright Horizons Family Solutions by 73,144.9% in the 1st quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Bright Horizons Family Solutions by 8.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock worth $155,100,000 after buying an additional 161,469 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Bright Horizons Family Solutions by 108.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock worth $89,056,000 after buying an additional 599,907 shares during the last quarter. Finally, State Street Corp boosted its holdings in Bright Horizons Family Solutions by 3.2% in the 1st quarter. State Street Corp now owns 840,444 shares of the company’s stock worth $60,918,000 after buying an additional 25,721 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

In related news, Director Mary Ann Tocio sold 6,666 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $76.11, for a total transaction of $507,349.26. Following the transaction, the director now owns 67,284 shares of the company’s stock, valued at $5,120,985.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth J. Boland sold 29,681 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the transaction, the chief financial officer now directly owns 141,491 shares in the company, valued at approximately $11,170,714.45. The disclosure for this sale can be found here. Insiders have sold 63,429 shares of company stock worth $4,987,519 in the last three months. Insiders own 2.90% of the company’s stock.

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BFAM has been the topic of several research analyst reports. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Friday, June 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a $85.00 price objective (up from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. BidaskClub cut Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Citigroup Inc. reiterated a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $84.17.

Shares of Bright Horizons Family Solutions Inc. (BFAM) opened at 80.96 on Friday. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 43.20 and a beta of 0.13. The stock’s 50 day moving average is $79.63 and its 200 day moving average is $76.10. Bright Horizons Family Solutions Inc. has a 52-week low of $59.00 and a 52-week high of $82.00.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts expect that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current fiscal year.

Bright Horizons Family Solutions Company Profile

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.

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

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