Trillium Asset Management LLC Sells 8,226 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Trillium Asset Management LLC lowered its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,544 shares of the company's stock after selling 8,226 shares during the quarter. Trillium Asset Management LLC owned approximately 0.49% of Bright Horizons Family Solutions worth $31,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its position in Bright Horizons Family Solutions by 62.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock worth $787,000 after acquiring an additional 2,739 shares during the period. Cerity Partners LLC boosted its position in Bright Horizons Family Solutions by 63.0% during the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock worth $4,075,000 after acquiring an additional 11,236 shares during the period. New York Life Investment Management LLC acquired a new stake in Bright Horizons Family Solutions during the 4th quarter worth about $679,000. New York State Common Retirement Fund boosted its position in Bright Horizons Family Solutions by 45.4% during the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock worth $12,768,000 after acquiring an additional 35,959 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in Bright Horizons Family Solutions during the 4th quarter worth about $5,212,000.

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at approximately $4,170,755.81. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, 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 disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of brokerages have commented on BFAM. The Goldman Sachs Group decreased their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a research report on Friday, December 27th. Morgan Stanley reduced 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. UBS Group reduced their price target 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. BMO Capital Markets lifted their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $137.67.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM traded down $1.74 during trading on Friday, hitting $124.58. The company's stock had a trading volume of 568,428 shares, compared to its average volume of 409,241. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $123.44 and a 200 day moving average price of $123.36. The firm has a market cap of $7.14 billion, a P/E ratio of 51.91 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.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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.