Amundi Sells 5,469 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Amundi lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,643 shares of the company's stock after selling 5,469 shares during the quarter. Amundi owned about 0.07% of Bright Horizons Family Solutions worth $4,462,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BFAM. Y Intercept Hong Kong Ltd raised its position in shares of Bright Horizons Family Solutions by 62.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock valued at $787,000 after buying an additional 2,739 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Bright Horizons Family Solutions by 63.0% in the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock valued at $4,075,000 after purchasing an additional 11,236 shares in the last quarter. New York Life Investment Management LLC bought a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $679,000. New York State Common Retirement Fund increased its stake in shares of Bright Horizons Family Solutions by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock valued at $12,768,000 after purchasing an additional 35,959 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Bright Horizons Family Solutions by 560.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company's stock worth $1,286,000 after buying an additional 7,789 shares in the last quarter.

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Insider Buying and Selling

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Monday, March 10th. The stock was 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. This represents a 9.90 % 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 insiders.

Bright Horizons Family Solutions Trading Up 1.2 %

Bright Horizons Family Solutions stock traded up $1.52 during mid-day trading on Wednesday, hitting $128.69. 249,376 shares of the stock were exchanged, compared to its average volume of 421,615. The firm's fifty day simple moving average is $122.75 and its two-hundred day simple moving average is $123.53. 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 12 month low of $100.59 and a 12 month high of $141.90. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 53.62 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) 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 forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

BFAM has been the topic of a number of research reports. Jefferies Financial Group decreased 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 research note on Thursday, January 23rd. Morgan Stanley lowered their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. UBS Group dropped their target price 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. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $137.67.

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.