Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC cut its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,078 shares of the company’s stock after selling 5,422 shares during the period. NewEdge Wealth LLC’s holdings in Bright Horizons Family Solutions were worth $2,891,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BFAM. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions in the fourth quarter worth about $25,000. True Wealth Design LLC acquired a new position in Bright Horizons Family Solutions in the third quarter worth about $49,000. Capital Performance Advisors LLP acquired a new position in Bright Horizons Family Solutions in the third quarter worth about $75,000. Daiwa Securities Group Inc. grew its stake 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 in the last quarter. Finally, Anchor Investment Management LLC grew its stake in Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock worth $92,000 after purchasing an additional 529 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on BFAM shares. BMO Capital Markets lifted their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Morgan Stanley decreased their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. UBS Group decreased their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $129.63 on Friday. The business has a 50 day moving average of $118.51 and a two-hundred day moving average of $124.55. The company has a market cap of $7.54 billion, a P/E ratio of 54.01 and a beta of 1.45. 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 Inc. has a 52 week low of $100.59 and a 52 week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share 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, analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.22% of the company’s stock.

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.