Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 742.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 273,399 shares of the company’s stock after buying an additional 240,960 shares during the quarter. Deutsche Bank AG owned about 0.47% of Bright Horizons Family Solutions worth $30,306,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company’s stock valued at $603,332,000 after acquiring an additional 101,151 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Bright Horizons Family Solutions by 60.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company’s stock valued at $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Bright Horizons Family Solutions by 16.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company’s stock worth $393,141,000 after purchasing an additional 511,905 shares during the period. William Blair Investment Management LLC grew its position in Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock worth $262,752,000 after purchasing an additional 532,644 shares during the last quarter. Finally, Bamco Inc. NY grew its position in Bright Horizons Family Solutions by 4.7% during the 4th quarter. Bamco Inc. NY now owns 1,559,277 shares of the company’s stock worth $172,846,000 after purchasing an additional 69,940 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BFAM shares. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. UBS Group lowered their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Morgan Stanley increased their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an “underweight” rating in a report on Tuesday, May 6th. Finally, Jefferies Financial Group dropped their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

Insider Activity

In related news, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, the director now directly owns 22,757 shares of the company’s stock, valued at approximately $2,838,708.18. This trade represents a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred 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 owns 33,449 shares of the company’s stock, valued at approximately $4,170,755.81. The trade was a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock valued at $561,900 over the last quarter. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $121.28 on Wednesday. The stock has a market capitalization of $6.94 billion, a P/E ratio of 50.53 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm’s 50-day moving average is $121.96 and its two-hundred day moving average is $119.24.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Bright Horizons Family Solutions’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. Equities analysts predict 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.