Capital World Investors Has $149.77 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Capital World Investors lowered its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,351,061 shares of the company’s stock after selling 884 shares during the period. Capital World Investors’ holdings in Bright Horizons Family Solutions were worth $149,765,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Artisan Partners Limited Partnership acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at $91,536,000. Raymond James Financial Inc. acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth approximately $79,578,000. Norges Bank acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at approximately $71,842,000. William Blair Investment Management LLC grew its position in shares of Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock worth $262,752,000 after buying an additional 532,644 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Bright Horizons Family Solutions by 16.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company’s stock valued at $393,141,000 after acquiring an additional 511,905 shares during the period.

Bright Horizons Family Solutions Trading Down 0.3 %

NYSE BFAM opened at $116.32 on Monday. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 48.47 and a beta of 1.31. The business’s fifty day moving average is $123.71 and its 200-day moving average is $120.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data 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 net margin of 5.22% and a return on equity of 13.63%. Equities research 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 research reports. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Jefferies Financial Group decreased their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Morgan Stanley reduced 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 research report on Tuesday, February 11th. UBS Group dropped their price objective 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. Finally, BMO Capital Markets boosted their price objective 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. 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 stock. According to data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was 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 of the company’s stock, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

About Bright Horizons Family Solutions

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.