Pictet Asset Management Holding SA Trims Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Pictet Asset Management Holding SA cut its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,483 shares of the company's stock after selling 58,145 shares during the period. Pictet Asset Management Holding SA owned about 0.33% of Bright Horizons Family Solutions worth $21,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BFAM. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions during the 4th quarter worth approximately $25,000. Atala Financial Inc purchased a new stake in Bright Horizons Family Solutions during the 4th quarter worth about $32,000. Tortoise Investment Management LLC boosted its position in shares of Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after acquiring an additional 181 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $49,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock worth $75,000 after acquiring an additional 145 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock traded down $6.45 during midday trading on Friday, hitting $114.39. The company had a trading volume of 779,469 shares, compared to its average volume of 427,065. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 47.66 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company's 50 day simple moving average is $125.11 and its 200 day simple moving average is $122.36. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90.

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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 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%. Research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, 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 completion of the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction on 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 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 disclosure for this sale can be found here. 1.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on BFAM shares. Jefferies Financial Group dropped their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Morgan Stanley cut 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 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 note on Tuesday, February 18th. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, UBS Group dropped their price target 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. One equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.