KBC Group NV Has $9.33 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

KBC Group NV cut its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,125 shares of the company's stock after selling 9,409 shares during the quarter. KBC Group NV owned about 0.14% of Bright Horizons Family Solutions worth $9,325,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions in the 4th quarter worth $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions in the third quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions in the third quarter valued at about $35,000. Quarry LP grew its stake in Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after purchasing an additional 177 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of Bright Horizons Family Solutions in the third quarter worth $49,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BFAM. StockNews.com lowered Bright Horizons Family Solutions from a "hold" rating to a "sell" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group dropped their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research report on Friday, December 27th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and reduced their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th. Finally, Jefferies Financial Group dropped their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.56.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the business's 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 sale, the director now directly owns 25,257 shares of the company's stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded up $2.27 during midday trading on Thursday, hitting $124.99. 129,184 shares of the stock were exchanged, compared to its average volume of 360,081. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 62.97 and a beta of 1.44. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a one year low of $94.83 and a one year high of $141.90. The business has a 50-day moving average price of $113.66 and a two-hundred day moving average price of $124.37.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating 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 business had revenue of $719.00 million during the quarter, compared to analysts' expectations of $713.16 million. During the same quarter last year, the business posted $0.78 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current year.

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.