Thrivent Financial for Lutherans Has $2.17 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Thrivent Financial for Lutherans decreased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 39.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 19,553 shares of the company's stock after selling 12,704 shares during the period. Thrivent Financial for Lutherans' holdings in Bright Horizons Family Solutions were worth $2,167,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in BFAM. Oppenheimer Asset Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock worth $1,463,000 after buying an additional 96 shares during the last quarter. Accretive Wealth Partners LLC grew its stake in Bright Horizons Family Solutions by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock valued at $833,000 after purchasing an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Bright Horizons Family Solutions by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock worth $601,000 after purchasing an additional 113 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Bright Horizons Family Solutions by 0.9% during the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock worth $1,681,000 after purchasing an additional 129 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 37.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock valued at $75,000 after buying an additional 145 shares during the last quarter.

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Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group cut 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. Jefferies Financial Group cut 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 note on Thursday, January 23rd. BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Morgan Stanley decreased their target price on 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $137.67.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM traded up $1.44 during midday trading on Wednesday, reaching $128.49. 312,777 shares of the stock were exchanged, compared to its average volume of 421,847. The stock's 50 day simple moving average is $125.06 and its 200 day simple moving average is $122.66. The company has a market cap of $7.37 billion, a P/E ratio of 53.54 and a beta of 1.49. 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 quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.22% and a return on equity of 13.63%. On average, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now directly 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 position. 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.