UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,540 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,809 shares of the company's stock after selling 7,540 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Bright Horizons Family Solutions worth $23,375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock valued at $445,761,000 after purchasing an additional 423,456 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company's stock valued at $337,832,000 after purchasing an additional 44,893 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company's stock worth $86,395,000 after buying an additional 51,024 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in Bright Horizons Family Solutions by 3.2% during the third quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company's stock worth $99,126,000 after buying an additional 21,935 shares during the last quarter. Finally, Geneva Capital Management LLC increased its holdings in Bright Horizons Family Solutions by 0.5% during the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company's stock worth $80,631,000 after buying an additional 2,649 shares during the last quarter.

Insider Activity

In related news, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were 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 owns 25,257 shares of the company's stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares of the company's stock, valued at $4,248,563.50. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Stock Performance

BFAM stock traded down $4.16 during midday trading on Friday, reaching $115.11. 1,933,010 shares of the company were exchanged, compared to its average volume of 402,877. 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 business has a 50-day moving average price of $123.96 and a two-hundred day moving average price of $122.67. Bright Horizons Family Solutions Inc. has a one year low of $87.82 and a one year high of $141.90. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 57.84 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to analysts' expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. Bright Horizons Family Solutions's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. 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. JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Barclays boosted their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $137.00 to $125.00 in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average price target of $141.50.

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.