Savant Capital LLC Has $1.65 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Savant Capital LLC increased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 84.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,911 shares of the company’s stock after purchasing an additional 6,816 shares during the quarter. Savant Capital LLC’s holdings in Bright Horizons Family Solutions were worth $1,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares in the last quarter. State Street Corp increased its position in Bright Horizons Family Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after purchasing an additional 3,970 shares in the last quarter. Geode Capital Management LLC increased its position in Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after purchasing an additional 7,597 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Bright Horizons Family Solutions by 3.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company’s stock worth $99,126,000 after purchasing an additional 21,935 shares in the last quarter. Finally, Geneva Capital Management LLC increased its position in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock valued at $80,631,000 after acquiring an additional 2,649 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BFAM shares. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $137.00 to $125.00 in a research report on Monday, November 18th. Jefferies Financial Group decreased their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. 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. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research report on Friday, November 22nd. Finally, StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and an average target price of $135.33.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is owned by insiders.

Bright Horizons Family Solutions Trading Up 0.5 %

NYSE:BFAM opened at $118.91 on Friday. The firm’s fifty day moving average is $114.93 and its 200-day moving average is $124.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $141.90. The firm has a market cap of $6.92 billion, a P/E ratio of 59.75 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. Equities analysts expect that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

About Bright Horizons Family Solutions

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.