Blair William & Co. IL Trims Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Blair William & Co. IL trimmed its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 66.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.

Other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd boosted 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 worth $787,000 after buying an additional 2,739 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $679,000. New York State Common Retirement Fund boosted its position 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 worth $12,768,000 after buying an additional 35,959 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $5,212,000. Finally, BNP Paribas Financial Markets boosted its position 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 worth $1,286,000 after buying an additional 7,789 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on BFAM shares. The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. Jefferies Financial Group reduced 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. Morgan Stanley reduced their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a report on Tuesday, February 11th. 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 report on Tuesday, February 18th. Finally, UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.67.

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Bright Horizons Family Solutions Trading Down 1.4 %

BFAM traded down $1.64 on Thursday, reaching $117.87. 124,420 shares of the company's stock were exchanged, compared to its average volume of 431,627. The company's 50 day moving average is $124.28 and its 200-day moving average is $121.64. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 49.11 and a beta of 1.31. 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 debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $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. Corporate insiders own 1.22% of the company's stock.

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.