NewEdge Wealth LLC Cuts Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

NewEdge Wealth LLC lessened its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,078 shares of the company's stock after selling 5,422 shares during the quarter. NewEdge Wealth LLC's holdings in Bright Horizons Family Solutions were worth $2,891,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings 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 valued at $445,761,000 after acquiring an additional 423,456 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in Bright Horizons Family Solutions by 114.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 209,091 shares of the company's stock valued at $23,178,000 after acquiring an additional 111,760 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in Bright Horizons Family Solutions by 24.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 294,835 shares of the company's stock valued at $32,682,000 after acquiring an additional 57,575 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Bright Horizons Family Solutions during the 3rd quarter valued at about $7,388,000. Finally, Loomis Sayles & Co. L P increased its holdings in Bright Horizons Family Solutions by 23.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 273,901 shares of the company's stock valued at $38,381,000 after acquiring an additional 51,424 shares in the last quarter.

Bright Horizons Family Solutions Trading Up 2.1 %

Shares of BFAM stock opened at $129.63 on Friday. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 54.01 and a beta of 1.45. 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 Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The firm's 50 day moving average price is $118.51 and its two-hundred day moving average price is $124.55.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BFAM shares. Baird R W upgraded shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. 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 report on Thursday, January 23rd. Morgan Stanley decreased their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, UBS Group decreased their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $137.67.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the firm's stock in a transaction dated 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 directly owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.22% of the stock is currently owned by corporate insiders.

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.

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