Bright Horizons Family Solutions Inc. (NYSE:BFAM) Position Trimmed by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,384,588 shares of the company’s stock after selling 58,189 shares during the quarter. Vanguard Group Inc. owned approximately 9.38% of Bright Horizons Family Solutions worth $684,058,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Bright Horizons Family Solutions by 355.6% in the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company’s stock valued at $1,415,000 after acquiring an additional 8,694 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of 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 valued at $3,690,000 after acquiring an additional 3,514 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Bright Horizons Family Solutions by 9.9% in the 1st quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company’s stock valued at $77,855,000 after acquiring an additional 55,115 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 4.3% in the 1st 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. Finally, Barclays PLC lifted its position in shares of Bright Horizons Family Solutions by 57.5% in the 4th quarter. Barclays PLC now owns 30,272 shares of the company’s stock valued at $3,355,000 after acquiring an additional 11,057 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently commented on BFAM. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and reduced their price target for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.75.

Bright Horizons Family Solutions Stock Up 1.2%

BFAM stock opened at $119.53 on Thursday. Bright Horizons Family Solutions Inc. has a 12-month low of $103.75 and a 12-month high of $141.90. The company has a quick ratio of 0.60, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 39.19 and a beta of 1.34. The company has a 50 day moving average of $119.27 and a two-hundred day moving average of $122.12.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The company had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, CFO Elizabeth J. Boland sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were 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 in the company, valued at approximately $10,594,209.92. This trade represents a 4.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total transaction of $360,300.00. Following the transaction, the director owned 18,233 shares in the company, valued at $2,189,783.30. This represents a 14.13% 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 quarter. Company insiders own 1.21% of the company’s stock.

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.