3,077 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by OLD National Bancorp IN

OLD National Bancorp IN bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,077 shares of the company’s stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Bright Horizons Family Solutions by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after purchasing an additional 29,942 shares during the period. Capital World Investors boosted its holdings in shares of Bright Horizons Family Solutions by 10.5% during the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock valued at $127,076,000 after acquiring an additional 128,632 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bright Horizons Family Solutions by 18.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 708,527 shares of the company’s stock worth $66,775,000 after acquiring an additional 109,548 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Bright Horizons Family Solutions by 1.8% in the 4th quarter. Westfield Capital Management Co. LP now owns 657,685 shares of the company’s stock worth $61,980,000 after acquiring an additional 11,477 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Bright Horizons Family Solutions by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 637,401 shares of the company’s stock valued at $60,069,000 after purchasing an additional 9,851 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of BFAM traded up $0.44 during midday trading on Friday, reaching $132.49. The stock had a trading volume of 501,331 shares, compared to its average volume of 355,993. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $7.68 billion, a P/E ratio of 93.29, a P/E/G ratio of 4.44 and a beta of 1.45. The firm’s 50 day moving average price is $113.59 and its 200-day moving average price is $110.38. Bright Horizons Family Solutions Inc. has a 52 week low of $71.65 and a 52 week high of $136.22.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 13.08%. The firm had revenue of $670.10 million for the quarter, compared to analysts’ expectations of $666.17 million. During the same period in the previous year, the business earned $0.54 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Robert W. Baird lifted their target price on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. The Goldman Sachs Group increased their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $128.43.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 4,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $108.95, for a total value of $435,800.00. Following the transaction, the director now directly owns 31,855 shares in the company, valued at approximately $3,470,602.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bright Horizons Family Solutions news, General Counsel John Guy Casagrande sold 4,235 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.86, for a total transaction of $549,957.10. Following the sale, the general counsel now owns 13,677 shares in the company, valued at approximately $1,776,095.22. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary Ann Tocio sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $108.95, for a total transaction of $435,800.00. Following the completion of the transaction, the director now owns 31,855 shares of the company’s stock, valued at $3,470,602.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,232 shares of company stock worth $4,100,300. Corporate 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.