Artemis Investment Management LLP increased its holdings in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 302,831 shares of the company’s stock after acquiring an additional 17,747 shares during the quarter. Artemis Investment Management LLP owned about 0.52% of Bright Horizons Family Solutions worth $35,687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BFAM. Jennison Associates LLC acquired a new position in Bright Horizons Family Solutions during the second quarter worth about $37,250,000. BlackRock Inc. boosted its holdings in Bright Horizons Family Solutions by 11.6% in the 2nd quarter. BlackRock Inc. now owns 2,783,957 shares of the company’s stock valued at $285,410,000 after purchasing an additional 288,576 shares during the last quarter. FMR LLC boosted its holdings in Bright Horizons Family Solutions by 130.7% in the 2nd quarter. FMR LLC now owns 337,637 shares of the company’s stock valued at $34,615,000 after purchasing an additional 191,301 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Bright Horizons Family Solutions by 162.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 280,698 shares of the company’s stock valued at $28,774,000 after purchasing an additional 173,792 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Bright Horizons Family Solutions by 20.7% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 945,440 shares of the company’s stock valued at $96,927,000 after purchasing an additional 162,080 shares during the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

BFAM has been the topic of several recent analyst reports. Citigroup lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Monday, September 3rd. JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $114.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, August 6th. Finally, Barclays boosted their target price on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus price target of $113.36.

In other news, CEO Stephen Howard Kramer sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $115.05, for a total value of $402,675.00. Following the sale, the chief executive officer now directly owns 98,400 shares of the company’s stock, valued at approximately $11,320,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mary Lou Burke sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $118.87, for a total transaction of $130,757.00. Following the completion of the sale, the chief operating officer now directly owns 30,946 shares in the company, valued at $3,678,551.02. The disclosure for this sale can be found here. Insiders sold a total of 30,300 shares of company stock worth $3,524,190 over the last three months. Insiders own 2.20% of the company’s stock.

NYSE:BFAM opened at $119.00 on Tuesday. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 46.67, a PEG ratio of 3.37 and a beta of 0.19. Bright Horizons Family Solutions Inc has a 1-year low of $86.80 and a 1-year high of $122.01. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.73. The business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $471.85 million. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Equities analysts expect that Bright Horizons Family Solutions Inc will post 2.97 EPS for the current fiscal year.

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Bright Horizons Family Solutions Profile

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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