Charles Schwab Investment Management Inc. Cuts Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 631,952 shares of the company’s stock after selling 17,159 shares during the period. Charles Schwab Investment Management Inc. owned 1.10% of Bright Horizons Family Solutions worth $80,283,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Parallel Advisors LLC raised its holdings in Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock worth $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC raised its holdings in Bright Horizons Family Solutions by 244.2% in the first quarter. Global Financial Private Client LLC now owns 327 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. HM Payson & Co. bought a new position in Bright Horizons Family Solutions in the first quarter worth about $50,000. Finally, GAMMA Investing LLC raised its holdings in Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after purchasing an additional 200 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares of the company’s stock, valued at $2,189,783.30. This trade represents a 14.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David H. Lissy sold 6,282 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the sale, the director directly owned 69,312 shares of the company’s stock, valued at $9,017,491.20. This trade represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,282 shares of company stock valued at $2,212,923 in the last 90 days. 1.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Bright Horizons Family Solutions Trading Up 1.2%

Shares of NYSE:BFAM opened at $119.53 on Thursday. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 39.19 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.60. The business’s 50 day moving average price is $119.27 and its 200-day moving average price is $122.12.

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

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.