M&T Bank Corp Decreases Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

M&T Bank Corp trimmed its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,711 shares of the company’s stock after selling 191 shares during the period. M&T Bank Corp’s holdings in Bright Horizons Family Solutions were worth $344,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Bright Horizons Family Solutions by 355.6% in the first quarter. SG Americas Securities LLC now owns 11,139 shares of the company’s stock worth $1,415,000 after acquiring an additional 8,694 shares during the period. Impax Asset Management Group plc increased its stake in Bright Horizons Family Solutions by 13.8% in the 1st quarter. Impax Asset Management Group plc now owns 29,044 shares of the company’s stock worth $3,690,000 after buying an additional 3,514 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 4.3% in the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company’s stock valued at $36,826,000 after acquiring an additional 11,967 shares in the last quarter. Barclays PLC boosted its stake in shares of Bright Horizons Family Solutions by 57.5% in the fourth quarter. Barclays PLC now owns 30,272 shares of the company’s stock worth $3,355,000 after acquiring an additional 11,057 shares during the period. Finally, Merit Financial Group LLC boosted its stake in Bright Horizons Family Solutions by 182.3% in the 1st quarter. Merit Financial Group LLC now owns 5,488 shares of the company’s stock worth $697,000 after purchasing an additional 3,544 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BFAM. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley increased their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an “underweight” rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.67.

Bright Horizons Family Solutions Trading Up 0.0%

Shares of BFAM opened at $115.20 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60. Bright Horizons Family Solutions Inc. has a one year low of $103.75 and a one year high of $141.90. The stock has a 50-day moving average price of $122.79 and a 200 day moving average price of $121.88. The company has a market capitalization of $6.60 billion, a P/E ratio of 41.59 and a beta of 1.30.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. Bright Horizons Family Solutions’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. Sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the transaction, the director directly owned 69,312 shares in the company, valued at approximately $9,017,491.20. This represents a 8.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total value of $122,560.00. Following the completion of the sale, the chief operating officer owned 29,449 shares in the company, valued at $3,609,269.44. The trade was a 3.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,282 shares of company stock valued at $1,848,993. 1.21% of the stock is currently owned by company insiders.

About Bright Horizons Family Solutions

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.