Janney Montgomery Scott LLC Sells 3,327 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Janney Montgomery Scott LLC cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,398 shares of the company's stock after selling 3,327 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Bright Horizons Family Solutions worth $5,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BFAM. SG Americas Securities LLC bought a new position in Bright Horizons Family Solutions in the 4th quarter worth $271,000. Merit Financial Group LLC bought a new position in Bright Horizons Family Solutions in the fourth quarter worth about $215,000. Avanza Fonder AB purchased a new stake in Bright Horizons Family Solutions in the fourth quarter worth about $93,000. Park Avenue Securities LLC lifted its holdings in Bright Horizons Family Solutions by 23.4% in the fourth quarter. Park Avenue Securities LLC now owns 3,881 shares of the company's stock worth $430,000 after buying an additional 736 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Bright Horizons Family Solutions by 17.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 98,650 shares of the company's stock valued at $10,935,000 after acquiring an additional 14,583 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on BFAM. StockNews.com lowered Bright Horizons Family Solutions from a "hold" rating to a "sell" rating in a research report on Wednesday, January 22nd. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and dropped their target price for the company from $137.00 to $125.00 in a report on Monday, November 18th. The Goldman Sachs Group decreased their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a research note on Friday, December 27th. UBS Group dropped their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $135.56.

Bright Horizons Family Solutions Stock Up 1.8 %

Shares of BFAM traded up $2.23 on Thursday, hitting $124.95. 266,665 shares of the stock traded hands, compared to its average volume of 368,067. Bright Horizons Family Solutions Inc. has a one year low of $94.83 and a one year high of $141.90. The company has a market capitalization of $7.27 billion, a PE ratio of 62.79 and a beta of 1.44. The business has a 50 day simple moving average of $113.66 and a 200 day simple moving average of $124.37. 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 quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm had revenue of $719.00 million during the quarter, compared to analysts' expectations of $713.16 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.22% of the company's stock.

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.