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

TD Private Client Wealth LLC decreased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,168 shares of the company’s stock after selling 466 shares during the period. TD Private Client Wealth LLC’s holdings in Bright Horizons Family Solutions were worth $1,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its position in Bright Horizons Family Solutions by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after purchasing an additional 96 shares during the last quarter. Accretive Wealth Partners LLC increased its position in Bright Horizons Family Solutions by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after purchasing an additional 111 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Bright Horizons Family Solutions by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after purchasing an additional 113 shares during the last quarter. Arizona State Retirement System increased its position in Bright Horizons Family Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock worth $1,681,000 after purchasing an additional 129 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Bright Horizons Family Solutions by 37.2% during 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 last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BFAM shares. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. UBS Group decreased their price objective on shares of 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. Morgan Stanley decreased their price objective on shares of 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. The Goldman Sachs Group decreased their price objective on shares of 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. Finally, Jefferies Financial Group decreased their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Stock Down 1.4 %

Shares of NYSE:BFAM opened at $124.58 on Friday. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 51.91 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The company’s fifty day moving average is $123.44 and its two-hundred day moving average is $123.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its 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 return on equity of 13.63% and a net margin of 5.22%. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insiders Place Their Bets

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were 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 owns 33,449 shares in the company, valued at $4,170,755.81. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares of the company’s stock, valued at $2,838,708.18. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.

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.