Natixis Advisors LLC Sells 800 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Natixis Advisors LLC reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,151 shares of the company’s stock after selling 800 shares during the quarter. Natixis Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $2,455,000 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. Thrivent Financial for Lutherans bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at approximately $4,520,000. Pathstone Holdings LLC boosted its position in shares of Bright Horizons Family Solutions by 4.6% during the 3rd quarter. Pathstone Holdings LLC now owns 28,766 shares of the company’s stock valued at $4,031,000 after acquiring an additional 1,274 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Bright Horizons Family Solutions by 5.2% during the 3rd quarter. Raymond James Trust N.A. now owns 4,521 shares of the company’s stock valued at $634,000 after acquiring an additional 223 shares during the last quarter. Cerity Partners LLC raised its holdings in Bright Horizons Family Solutions by 63.0% during the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock valued at $4,075,000 after buying an additional 11,236 shares during the period. Finally, Algert Global LLC raised its holdings in Bright Horizons Family Solutions by 50.3% during the 3rd quarter. Algert Global LLC now owns 60,051 shares of the company’s stock valued at $8,415,000 after buying an additional 20,090 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares in the company, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Stock Down 1.4 %

NYSE:BFAM opened at $124.58 on Monday. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 51.91 and a beta of 1.50. The stock has a fifty day simple moving average of $123.44 and a 200-day simple moving average of $123.24. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

BFAM has been the subject of a number of analyst reports. Jefferies Financial Group lowered their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. BMO Capital Markets raised their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group lowered their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, December 27th. Finally, UBS Group lowered their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.67.

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.