Wells Fargo & Company MN Sells 8,298 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Wells Fargo & Company MN reduced its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 574,390 shares of the company's stock after selling 8,298 shares during the quarter. Wells Fargo & Company MN owned 0.99% of Bright Horizons Family Solutions worth $63,671,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in Bright Horizons Family Solutions by 8.8% in the 3rd 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 increased its stake in shares of Bright Horizons Family Solutions by 39.1% in the third 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 third 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 during the period. Captrust Financial Advisors raised its holdings 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 valued at $970,000 after buying an additional 1,856 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at $797,000.

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Insider Transactions at Bright Horizons Family Solutions

In other news, 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 transaction, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at $4,170,755.81. This represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares of the company's stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Stock Up 0.9 %

Shares of Bright Horizons Family Solutions stock traded up $1.01 during midday trading on Monday, hitting $118.31. The company had a trading volume of 30,949 shares, compared to its average volume of 435,019. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week 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. The stock has a market capitalization of $6.79 billion, a P/E ratio of 49.30 and a beta of 1.31. The company has a 50 day moving average of $124.08 and a 200 day moving average of $121.19.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share 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%. On average, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BFAM. BMO Capital Markets increased their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report 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 for the company in a report on Tuesday, February 11th. UBS Group reduced their target price on 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. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. 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 for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $137.67.

Bright Horizons Family Solutions Company 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.