Savant Capital LLC Lowers Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Savant Capital LLC lowered its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 11.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,759 shares of the company’s stock after selling 955 shares during the quarter. Savant Capital LLC’s holdings in Bright Horizons Family Solutions were worth $854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BFAM. Riverview Trust Co purchased a new position in Bright Horizons Family Solutions in the 1st quarter worth $25,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after buying an additional 306 shares during the period. YHB Investment Advisors Inc. purchased a new position in shares of Bright Horizons Family Solutions in the first quarter worth about $40,000. Principal Securities Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $38,000. Finally, Eagle Bay Advisors LLC boosted its holdings in Bright Horizons Family Solutions by 120.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock valued at $117,000 after acquiring an additional 677 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays increased their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets increased their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $129.25.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the sale, the chief operating officer now directly owns 35,925 shares of the company’s stock, valued at $4,311,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the sale, the chief operating officer now owns 35,925 shares of the company’s stock, valued at $4,311,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now directly owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. The disclosure for this sale can be found here. Insiders have sold 24,635 shares of company stock worth $3,198,948 over the last ninety days. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Trading Down 0.6 %

NYSE:BFAM opened at $137.82 on Thursday. The company has a 50-day moving average price of $127.33 and a 200-day moving average price of $115.91. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 97.06 and a beta of 1.48. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business had revenue of $670.10 million during the quarter, compared to analyst estimates of $666.17 million. During the same period last year, the business posted $0.54 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

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.