Envestnet Asset Management Inc. Has $33.37 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Envestnet Asset Management Inc. lessened its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 301,017 shares of the company's stock after selling 10,227 shares during the period. Envestnet Asset Management Inc. owned about 0.52% of Bright Horizons Family Solutions worth $33,368,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BFAM. FMR LLC boosted its position in shares of Bright Horizons Family Solutions by 39.1% during the 3rd quarter. FMR LLC now owns 5,496 shares of the company's stock valued at $770,000 after acquiring an additional 1,545 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Bright Horizons Family Solutions by 37.4% in the 3rd quarter. Quantinno Capital Management LP now owns 4,363 shares of the company's stock valued at $611,000 after purchasing an additional 1,187 shares during the period. State Street Corp raised its holdings in shares of Bright Horizons Family Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 999,263 shares of the company's stock worth $140,027,000 after buying an additional 3,970 shares in the last quarter. Wolverine Trading LLC acquired a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $314,000. Finally, Jane Street Group LLC grew its position in Bright Horizons Family Solutions by 43.5% in the third quarter. Jane Street Group LLC now owns 30,136 shares of the company's stock valued at $4,223,000 after acquiring an additional 9,140 shares during the period.

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Bright Horizons Family Solutions Stock Performance

NYSE:BFAM traded up $0.69 during mid-day trading on Thursday, hitting $117.41. The stock had a trading volume of 33,111 shares, compared to its average volume of 435,396. 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. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 48.91 and a beta of 1.31. The company's 50 day simple moving average is $123.85 and its 200 day simple moving average is $120.99.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released 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, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Activity

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the 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 $2,838,708.18. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.22% of the company's stock.

Analyst Upgrades and Downgrades

BFAM has been the topic of a number of recent research reports. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. 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 research note on Friday, January 24th. The Goldman Sachs Group cut their price objective 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. Morgan Stanley reduced 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. Finally, BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $137.67.

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.