Deutsche Bank AG Boosts Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Deutsche Bank AG grew its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 742.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 273,399 shares of the company’s stock after acquiring an additional 240,960 shares during the quarter. Deutsche Bank AG’s holdings in Bright Horizons Family Solutions were worth $30,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd raised its holdings in Bright Horizons Family Solutions by 62.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock valued at $787,000 after buying an additional 2,739 shares during the period. Barclays PLC boosted its position in Bright Horizons Family Solutions by 57.5% during the 4th quarter. Barclays PLC now owns 30,272 shares of the company’s stock worth $3,355,000 after purchasing an additional 11,057 shares during the period. New York Life Investment Management LLC acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at $679,000. New York State Common Retirement Fund raised its position in Bright Horizons Family Solutions by 45.4% in the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock valued at $12,768,000 after purchasing an additional 35,959 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth about $5,212,000.

Wall Street Analysts Forecast Growth

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

Bright Horizons Family Solutions Stock Performance

BFAM stock opened at $121.28 on Wednesday. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The stock’s 50 day simple moving average is $121.96 and its 200 day simple moving average is $119.24. 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 market cap of $6.94 billion, a P/E ratio of 50.53 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now directly owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was 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 represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,500 shares of company stock valued at $561,900. Insiders own 1.22% of the company’s stock.

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.