JPMorgan Chase & Co. Sells 311,526 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

JPMorgan Chase & Co. decreased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,034,701 shares of the company's stock after selling 311,526 shares during the period. JPMorgan Chase & Co. owned 5.22% of Bright Horizons Family Solutions worth $425,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its position in shares of 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 acquiring an additional 11,236 shares during the last quarter. 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. TimesSquare Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $13,639,000. Massachusetts Financial Services Co. MA boosted its stake in Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock worth $445,761,000 after acquiring an additional 423,456 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Bright Horizons Family Solutions by 19.7% in the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company's stock valued at $30,669,000 after purchasing an additional 35,971 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BFAM. The Goldman Sachs Group reduced their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research report on Friday. Baird R W upgraded Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. StockNews.com downgraded Bright Horizons Family Solutions from a "hold" rating to a "sell" rating in a report on Wednesday. Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a research report on Friday, November 22nd. Finally, BMO Capital Markets upgraded Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $137.00 to $125.00 in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $138.25.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company's stock, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares of the company's stock, valued at approximately $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Stock Down 0.3 %

Shares of BFAM traded down $0.30 during mid-day trading on Friday, hitting $110.53. 318,485 shares of the company's stock were exchanged, compared to its average volume of 409,677. The company has a 50-day simple moving average of $116.26 and a 200 day simple moving average of $123.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $6.43 billion, a PE ratio of 55.54 and a beta of 1.43. Bright Horizons Family Solutions Inc. has a 52 week low of $91.61 and a 52 week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same period in the previous year, the business earned $0.78 EPS. The company's revenue was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

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.