Neuberger Berman Group LLC raised its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 108.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,153,425 shares of the company’s stock after buying an additional 599,907 shares during the period. Neuberger Berman Group LLC owned approximately 1.95% of Bright Horizons Family Solutions worth $89,056,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BFAM. Vanguard Group Inc. increased its position in shares of Bright Horizons Family Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock worth $252,138,000 after buying an additional 153,726 shares during the last quarter. BlackRock Inc. increased its position in shares of Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Bright Horizons Family Solutions by 11.3% in the first quarter. Wells Fargo & Company MN now owns 1,745,902 shares of the company’s stock worth $126,561,000 after buying an additional 176,751 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Bright Horizons Family Solutions by 3.5% in the first quarter. Handelsbanken Fonder AB now owns 934,200 shares of the company’s stock worth $67,720,000 after buying an additional 32,000 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Bright Horizons Family Solutions by 27.9% in the first quarter. Eagle Asset Management Inc. now owns 893,552 shares of the company’s stock worth $64,773,000 after buying an additional 194,710 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 79.17 on Thursday. Bright Horizons Family Solutions Inc. has a 52 week low of $59.00 and a 52 week high of $82.00. The company has a market cap of $4.68 billion, a P/E ratio of 42.25 and a beta of 0.12. The firm has a 50-day moving average of $78.97 and a 200 day moving average of $75.04.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The firm had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. During the same period in the previous year, the firm earned $0.61 earnings per share. Bright Horizons Family Solutions’s revenue was up 10.8% compared to the same quarter last year. Equities analysts expect that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current fiscal year.

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BFAM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, June 20th. Citigroup Inc. initiated coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, July 18th. They issued a “buy” rating and a $90.00 price target for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $83.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, May 5th. Credit Suisse Group downgraded shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and increased their price target for the company from $80.00 to $83.00 in a report on Friday, May 12th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Bright Horizons Family Solutions has a consensus rating of “Buy” and a consensus target price of $83.67.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $79.11, for a total transaction of $527,347.26. Following the transaction, the director now directly owns 67,284 shares of the company’s stock, valued at $5,322,837.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 2,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $79.98, for a total transaction of $159,960.00. Following the transaction, the chief operating officer now directly owns 33,266 shares in the company, valued at $2,660,614.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,697 shares of company stock valued at $3,230,288. 2.90% of the stock is owned by insiders.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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