Sei Investments Co. trimmed its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 7.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 168,708 shares of the company’s stock after selling 13,513 shares during the period. Sei Investments Co.’s holdings in Bright Horizons Family Solutions were worth $13,856,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. AG Campbell Advisory LLC bought a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth approximately $41,000. Signaturefd LLC grew its holdings in shares of Bright Horizons Family Solutions by 34.4% during the fourth quarter. Signaturefd LLC now owns 426 shares of the company’s stock valued at $43,000 after buying an additional 109 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Bright Horizons Family Solutions by 98.8% during the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after acquiring an additional 167 shares in the last quarter. Danske Bank A S purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $43,000. Finally, State of Wyoming purchased a new position in Bright Horizons Family Solutions in the 1st quarter worth approximately $60,000.
Bright Horizons Family Solutions Stock Performance
Shares of BFAM stock opened at $77.86 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $69.54 and a 200-day moving average price of $76.71. Bright Horizons Family Solutions Inc. has a 52 week low of $57.63 and a 52 week high of $130.76. The firm has a market capitalization of $4.10 billion, a PE ratio of 23.45, a P/E/G ratio of 1.42 and a beta of 1.15.
Insiders Place Their Bets
In other news, COO Mary Lou Burke sold 500 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00. Following the transaction, the chief operating officer directly owned 33,345 shares of the company’s stock, valued at $2,667,600. This represents a 1.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.21% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently issued reports on BFAM. JPMorgan Chase & Co. lowered their price objective on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings cut Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, UBS Group lowered their price target on Bright Horizons Family Solutions from $88.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, July 17th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.00.
Read Our Latest Analysis on BFAM
About Bright Horizons Family Solutions
Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.
Recommended Stories
- Five stocks we like better than Bright Horizons Family Solutions
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding BFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report).
Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
