Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 13.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,536 shares of the company’s stock after selling 403 shares during the period. Blair William & Co. IL’s holdings in Bright Horizons Family Solutions were worth $322,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its stake in Bright Horizons Family Solutions by 60.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company’s stock valued at $549,654,000 after buying an additional 1,868,117 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Bright Horizons Family Solutions by 199.6% in the fourth quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company’s stock valued at $74,451,000 after buying an additional 447,457 shares in the last quarter. Premier Fund Managers Ltd acquired a new stake in Bright Horizons Family Solutions in the first quarter valued at $50,653,000. Millennium Management LLC raised its stake in Bright Horizons Family Solutions by 1,081.6% in the fourth quarter. Millennium Management LLC now owns 354,241 shares of the company’s stock valued at $39,268,000 after buying an additional 324,262 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Bright Horizons Family Solutions by 742.8% in the fourth quarter. Deutsche Bank AG now owns 273,399 shares of the company’s stock valued at $30,306,000 after buying an additional 240,960 shares in the last quarter.

Bright Horizons Family Solutions Stock Down 1.4%

BFAM opened at $117.48 on Tuesday. The business’s 50-day simple moving average is $119.65 and its 200-day simple moving average is $122.17. 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 market capitalization of $6.68 billion, a P/E ratio of 38.52 and a beta of 1.34.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.31% and a net margin of 6.34%. The business had revenue of $731.57 million for the quarter, compared to analysts’ expectations of $724.32 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. Analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In related news, CFO Elizabeth J. Boland sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the transaction, the chief financial officer owned 80,162 shares of the company’s stock, valued at $10,594,209.92. This trade represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David H. Lissy sold 6,282 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total value of $817,288.20. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 17,282 shares of company stock worth $2,212,923 over the last three months. 1.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley cut their price target on Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th. Jefferies Financial Group cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and cut their price target for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.75.

Bright Horizons Family Solutions 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.