Tokio Marine Asset Management Co. Ltd. Has $10.92 Million Stake in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Tokio Marine Asset Management Co. Ltd. increased its holdings in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 30.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,206 shares of the company’s stock after purchasing an additional 27,000 shares during the quarter. Bright Horizons Family Solutions accounts for 1.6% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 12th biggest position. Tokio Marine Asset Management Co. Ltd. owned 0.20% of Bright Horizons Family Solutions worth $10,923,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BFAM. Principal Financial Group Inc. increased its position in shares of Bright Horizons Family Solutions by 16.2% in the second quarter. Principal Financial Group Inc. now owns 10,205 shares of the company’s stock valued at $788,000 after acquiring an additional 1,423 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Bright Horizons Family Solutions by 39.7% in the second quarter. UBS Asset Management Americas Inc. now owns 28,722 shares of the company’s stock valued at $2,218,000 after acquiring an additional 8,155 shares during the period. Vanguard Group Inc. increased its position in shares of Bright Horizons Family Solutions by 11.8% in the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after acquiring an additional 410,335 shares during the period. California Public Employees Retirement System increased its position in shares of Bright Horizons Family Solutions by 3.9% in the second quarter. California Public Employees Retirement System now owns 81,600 shares of the company’s stock valued at $6,300,000 after acquiring an additional 3,100 shares during the period. Finally, Advisor Group Inc. increased its position in shares of Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after acquiring an additional 1,354 shares during the period. Institutional investors own 98.05% of the company’s stock.

In other news, Director Mary Ann Tocio sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $93.16, for a total transaction of $335,376.00. Following the completion of the transaction, the director now directly owns 64,218 shares of the company’s stock, valued at $5,982,548.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda A. Mason sold 7,718 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $94.15, for a total transaction of $726,649.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,348 shares of company stock worth $3,953,265. Insiders own 2.90% of the company’s stock.

A number of research firms have issued reports on BFAM. Citigroup boosted their price objective on shares of Bright Horizons Family Solutions to $107.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. BMO Capital Markets reiterated a “hold” rating and set a $98.00 price target on shares of Bright Horizons Family Solutions in a research report on Wednesday, January 17th. Robert W. Baird reiterated a “hold” rating and set a $100.00 price target on shares of Bright Horizons Family Solutions in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Friday, February 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $100.13.

Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) opened at $95.16 on Wednesday. Bright Horizons Family Solutions Inc has a 52 week low of $67.57 and a 52 week high of $98.84. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market cap of $5,521.06, a PE ratio of 36.74, a P/E/G ratio of 2.19 and a beta of 0.15.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. The firm had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.99 million. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.75%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. analysts expect that Bright Horizons Family Solutions Inc will post 2.83 EPS for the current fiscal year.

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About Bright Horizons Family Solutions

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.

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

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