Prudential Financial Inc. Trims Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Prudential Financial Inc. reduced its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,536 shares of the company's stock after selling 2,993 shares during the quarter. Prudential Financial Inc.'s holdings in Bright Horizons Family Solutions were worth $281,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Bright Horizons Family Solutions in the fourth quarter valued at approximately $79,578,000. William Blair Investment Management LLC increased its stake in Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after purchasing an additional 532,644 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Bright Horizons Family Solutions by 29.5% in the fourth quarter. American Century Companies Inc. now owns 711,745 shares of the company's stock valued at $78,897,000 after buying an additional 162,278 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of Bright Horizons Family Solutions by 114.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 209,091 shares of the company's stock worth $23,178,000 after acquiring an additional 111,760 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock worth $603,332,000 after acquiring an additional 101,151 shares during the last quarter.

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Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the company'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 owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. This represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Stock Performance

BFAM traded down $0.13 during trading hours on Wednesday, hitting $118.03. The stock had a trading volume of 26,188 shares, compared to its average volume of 435,262. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90. The company's fifty day simple moving average is $123.96 and its 200 day simple moving average is $121.02. The stock has a market cap of $6.77 billion, a PE ratio of 49.19 and a beta of 1.31. 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 results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BFAM. The Goldman Sachs Group cut their price target on 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. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Morgan Stanley dropped 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 report on Tuesday, February 11th. Jefferies Financial Group decreased their price objective 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. Finally, UBS Group reduced their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions currently has an average 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.