Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 7.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,001 shares of the company’s stock after selling 757 shares during the period. Orion Portfolio Solutions LLC’s holdings in Bright Horizons Family Solutions were worth $1,109,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd boosted its stake in shares of Bright Horizons Family Solutions by 62.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock worth $787,000 after buying an additional 2,739 shares during the last quarter. New York Life Investment Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $679,000. New York State Common Retirement Fund increased its holdings in shares of Bright Horizons Family Solutions by 45.4% during the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock valued at $12,768,000 after purchasing an additional 35,959 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $5,212,000. Finally, BNP Paribas Financial Markets boosted its holdings in Bright Horizons Family Solutions by 560.0% during the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock worth $1,286,000 after buying an additional 7,789 shares in the last quarter.

Bright Horizons Family Solutions Trading Down 5.3 %

Shares of BFAM opened at $114.39 on Friday. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The stock has a market cap of $6.56 billion, a PE ratio of 47.66 and a beta of 1.49. The firm’s fifty day moving average is $125.11 and its two-hundred day moving average is $122.47. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last posted 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 return on equity of 13.63% and a net margin of 5.22%. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BFAM. 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 report on Friday, January 24th. Morgan Stanley lowered 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. Jefferies Financial Group cut their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, The Goldman Sachs Group reduced 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 report on Friday, December 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the transaction, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now owns 33,449 shares of the company’s stock, valued at $4,170,755.81. This represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

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.