Sei Investments Co. Has $17.63 Million Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Sei Investments Co. lessened its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,078 shares of the company's stock after selling 7,900 shares during the quarter. Sei Investments Co. owned 0.27% of Bright Horizons Family Solutions worth $17,633,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BFAM. William Blair Investment Management LLC raised its position in Bright Horizons Family Solutions by 29.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after purchasing an additional 532,644 shares in the last quarter. 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. Geode Capital Management LLC lifted its position in shares of Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock worth $129,633,000 after buying an additional 7,597 shares during the period. Raymond James Financial Inc. bought a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $79,578,000. Finally, American Century Companies Inc. grew its position in 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 acquiring an additional 162,278 shares during the period.

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Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the sale, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Trading Down 0.1 %

BFAM traded down $0.08 during mid-day trading on Tuesday, reaching $126.96. The stock had a trading volume of 412,359 shares, compared to its average volume of 421,616. The firm's fifty day simple moving average is $124.82 and its two-hundred day simple moving average is $122.62. The stock has a market capitalization of $7.28 billion, a P/E ratio of 52.90 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week 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.

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%. On average, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

BFAM has been the topic of several recent analyst reports. 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. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. The Goldman Sachs Group dropped their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a report on Friday, December 27th. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.