Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. trimmed its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 17.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,007 shares of the company's stock after selling 5,493 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Bright Horizons Family Solutions were worth $2,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BFAM. Versant Capital Management Inc acquired a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth approximately $25,000. True Wealth Design LLC bought a new position in Bright Horizons Family Solutions during the third quarter worth $49,000. Capital Performance Advisors LLP acquired a new position in Bright Horizons Family Solutions in the third quarter worth $75,000. Daiwa Securities Group Inc. boosted its holdings in Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock worth $75,000 after purchasing an additional 145 shares during the period. Finally, Anchor Investment Management LLC increased its stake in Bright Horizons Family Solutions by 423.2% during the third quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock valued at $92,000 after purchasing an additional 529 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on BFAM. Morgan Stanley decreased their price target on shares of 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. The Goldman Sachs Group decreased their target price 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. 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 report on Friday, January 24th. Jefferies Financial Group cut their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.67.

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Bright Horizons Family Solutions Stock Performance

BFAM traded down $2.88 during trading hours on Monday, hitting $124.32. The company's stock had a trading volume of 472,435 shares, compared to its average volume of 437,303. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The company has a 50-day simple moving average of $120.79 and a 200 day simple moving average of $124.14. The firm has a market capitalization of $7.13 billion, a PE ratio of 51.80 and a beta of 1.50.

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 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%. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current 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.