Blair William & Co. IL Sells 5,758 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Blair William & Co. IL decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 66.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,939 shares of the company’s stock after selling 5,758 shares during the quarter. Blair William & Co. IL’s holdings in Bright Horizons Family Solutions were worth $326,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Bright Horizons Family Solutions by 8.8% during the third quarter. The Manufacturers Life Insurance Company now owns 12,935 shares of the company’s stock worth $1,813,000 after purchasing an additional 1,041 shares during the period. FMR LLC grew its position in shares of Bright Horizons Family Solutions by 39.1% during the 3rd quarter. FMR LLC now owns 5,496 shares of the company’s stock worth $770,000 after buying an additional 1,545 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Bright Horizons Family Solutions by 560.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock valued at $1,286,000 after acquiring an additional 7,789 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $469,000. Finally, Captrust Financial Advisors boosted its stake in Bright Horizons Family Solutions by 36.6% during the 3rd quarter. Captrust Financial Advisors now owns 6,921 shares of the company’s stock worth $970,000 after acquiring an additional 1,856 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $114.39 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The stock has a market capitalization of $6.56 billion, a P/E ratio of 47.66 and a beta of 1.49. The company has a 50 day moving average of $125.11 and a 200-day moving average of $122.36.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

BFAM has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. The Goldman Sachs Group decreased their price objective 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, Jefferies Financial Group dropped their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now directly owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

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.