Dimensional Fund Advisors LP Grows Holdings in Bright Horizons Family Solutions Inc (BFAM)

Dimensional Fund Advisors LP boosted its holdings in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 420,604 shares of the company’s stock after acquiring an additional 8,582 shares during the period. Dimensional Fund Advisors LP’s holdings in Bright Horizons Family Solutions were worth $46,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Enlightenment Research LLC acquired a new position in Bright Horizons Family Solutions in the fourth quarter worth $67,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Bright Horizons Family Solutions by 133.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 701 shares of the company’s stock valued at $78,000 after acquiring an additional 401 shares during the period. SG Americas Securities LLC acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at $114,000. Ffcm LLC boosted its holdings in shares of Bright Horizons Family Solutions by 186.5% during the fourth quarter. Ffcm LLC now owns 1,166 shares of the company’s stock valued at $130,000 after acquiring an additional 759 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at $179,000. 97.50% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman David H. Lissy sold 37,673 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $124.68, for a total transaction of $4,697,069.64. Following the sale, the chairman now directly owns 325,995 shares in the company, valued at $40,645,056.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 852 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $119.70, for a total transaction of $101,984.40. Following the sale, the chief operating officer now owns 26,612 shares in the company, valued at $3,185,456.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,225 shares of company stock worth $8,621,854. Company insiders own 2.20% of the company’s stock.

Shares of BFAM opened at $125.75 on Tuesday. Bright Horizons Family Solutions Inc has a 1 year low of $91.29 and a 1 year high of $127.75. The firm has a market cap of $7.38 billion, a PE ratio of 42.09, a PEG ratio of 3.59 and a beta of 0.34. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.40 and a quick ratio of 0.40.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, February 12th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.11. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.49%. The business had revenue of $478.00 million for the quarter, compared to analysts’ expectations of $481.48 million. During the same period in the previous year, the business earned $0.73 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Bright Horizons Family Solutions Inc will post 3.35 earnings per share for the current year.

BFAM has been the subject of several analyst reports. Citigroup boosted their price target on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Bank of America reissued a “neutral” rating and set a $123.00 price target (up previously from $115.00) on shares of Bright Horizons Family Solutions in a report on Wednesday, February 13th. BMO Capital Markets boosted their price target on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Bright Horizons Family Solutions presently has an average rating of “Hold” and an average price target of $121.38.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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

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