Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,244 shares of the company’s stock after selling 100 shares during the period. Handelsbanken Fonder AB’s holdings in Bright Horizons Family Solutions were worth $1,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BFAM. Versant Capital Management Inc acquired a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $25,000. True Wealth Design LLC acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $49,000. Capital Performance Advisors LLP acquired a new position in Bright Horizons Family Solutions during the 3rd quarter worth approximately $75,000. Daiwa Securities Group Inc. lifted its position in Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after acquiring an additional 145 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its position in Bright Horizons Family Solutions by 423.2% during the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock worth $92,000 after acquiring an additional 529 shares in the last quarter.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 25,257 shares in the company, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $127.11 on Wednesday. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.40 billion, a PE ratio of 52.96 and a beta of 1.45. The stock’s 50 day moving average is $117.62 and its two-hundred day moving average is $124.50.

Bright Horizons Family Solutions (NYSE:BFAM) last issued 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%. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

BFAM has been the topic of several recent research reports. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Friday, November 22nd. Jefferies Financial Group reduced their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. UBS Group reduced their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions 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.