Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Holdings Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 6.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 49,398 shares of the company’s stock after selling 3,327 shares during the period. Janney Montgomery Scott LLC’s holdings in Bright Horizons Family Solutions were worth $5,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BFAM. Versant Capital Management Inc bought a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $35,000. Quarry LP grew its holdings in shares of Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $49,000.

Analyst Ratings Changes

Several research firms have recently commented on BFAM. UBS Group lowered their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 24th. The Goldman Sachs Group lowered their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, December 12th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.56.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.22% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Stock Performance

BFAM opened at $122.55 on Thursday. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 61.58 and a beta of 1.44. 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 1-year low of $94.83 and a 1-year high of $141.90. The business has a 50 day moving average price of $113.66 and a two-hundred day moving average price of $124.37.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current fiscal 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.