Envestnet Asset Management Inc. Sells 12,938 Shares of Bright Horizons Family Solutions Inc. $BFAM

Envestnet Asset Management Inc. lessened its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 317,500 shares of the company’s stock after selling 12,938 shares during the period. Envestnet Asset Management Inc. owned 0.56% of Bright Horizons Family Solutions worth $34,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BFAM. Accretive Wealth Partners LLC grew its position in shares of Bright Horizons Family Solutions by 1.4% in the 2nd quarter. Accretive Wealth Partners LLC now owns 8,498 shares of the company’s stock worth $1,050,000 after buying an additional 118 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Bright Horizons Family Solutions by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,500 shares of the company’s stock worth $1,174,000 after acquiring an additional 118 shares in the last quarter. Wealth Alliance LLC raised its holdings in Bright Horizons Family Solutions by 6.8% during the second quarter. Wealth Alliance LLC now owns 2,001 shares of the company’s stock valued at $247,000 after acquiring an additional 128 shares during the period. Inspire Advisors LLC boosted its position in shares of Bright Horizons Family Solutions by 2.3% during the third quarter. Inspire Advisors LLC now owns 6,582 shares of the company’s stock worth $715,000 after acquiring an additional 147 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in Bright Horizons Family Solutions by 1.7% during the 2nd quarter. MML Investors Services LLC now owns 9,098 shares of the company’s stock valued at $1,124,000 after buying an additional 150 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BFAM. BMO Capital Markets restated an “outperform” rating and issued a $124.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. The Goldman Sachs Group dropped their target price on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 17th. UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $120.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $126.43.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $81.45 on Thursday. The company has a fifty day simple moving average of $97.18 and a 200-day simple moving average of $104.39. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.03 and a beta of 1.40. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.52. Bright Horizons Family Solutions Inc. has a 52-week low of $80.79 and a 52-week high of $132.99.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.