Allspring Global Investments Holdings LLC Sells 6,535 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Allspring Global Investments Holdings LLC reduced its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 161,964 shares of the company’s stock after selling 6,535 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bright Horizons Family Solutions were worth $15,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $54,890,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Bright Horizons Family Solutions by 10.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,127 shares of the company’s stock worth $1,520,000 after purchasing an additional 1,526 shares during the last quarter. Raymond James & Associates increased its position in shares of Bright Horizons Family Solutions by 2.0% during the 4th quarter. Raymond James & Associates now owns 467,625 shares of the company’s stock worth $44,069,000 after purchasing an additional 9,274 shares in the last quarter. SG Americas Securities LLC bought a new position in Bright Horizons Family Solutions during the 4th quarter valued at about $176,000. Finally, American Century Companies Inc. grew its stake in Bright Horizons Family Solutions by 4.1% during the third quarter. American Century Companies Inc. now owns 3,059 shares of the company’s stock worth $249,000 after buying an additional 121 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BFAM. JPMorgan Chase & Co. increased their target price on Bright Horizons Family Solutions from $93.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. The Goldman Sachs Group raised their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Finally, Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.38.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 600 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.88, for a total value of $59,328.00. Following the completion of the sale, the chief operating officer now owns 38,753 shares in the company, valued at approximately $3,831,896.64. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 600 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.88, for a total value of $59,328.00. Following the completion of the transaction, the chief operating officer now directly owns 38,753 shares of the company’s stock, valued at $3,831,896.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth J. Boland sold 15,640 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. Insiders have sold a total of 17,740 shares of company stock valued at $1,996,191 over the last three months. 1.28% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Trading Down 2.6 %

NYSE:BFAM opened at $106.29 on Tuesday. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 83.69, a PEG ratio of 4.20 and a beta of 1.37. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $119.21. The business’s 50-day moving average price is $110.69 and its two-hundred day moving average price is $96.53. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. The business had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. On average, equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current year.

Bright Horizons Family Solutions Company Profile

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.