William Blair Investment Management LLC Sells 86,619 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

William Blair Investment Management LLC lowered its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,867,018 shares of the company’s stock after selling 86,619 shares during the quarter. William Blair Investment Management LLC’s holdings in Bright Horizons Family Solutions were worth $205,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BFAM. Riverview Trust Co bought a new position in shares of Bright Horizons Family Solutions in the first quarter valued at $25,000. Principal Securities Inc. acquired a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of Bright Horizons Family Solutions in the 1st quarter valued at about $40,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares during the last quarter.

Insider Buying and Selling

In related news, General Counsel John Guy Casagrande sold 4,235 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.86, for a total value of $549,957.10. Following the transaction, the general counsel now owns 13,677 shares in the company, valued at $1,776,095.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel John Guy Casagrande sold 4,235 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the sale, the general counsel now directly owns 13,677 shares of the company’s stock, valued at approximately $1,776,095.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the transaction, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. The disclosure for this sale can be found here. Insiders have sold 24,635 shares of company stock valued at $3,198,948 over the last 90 days. 1.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on BFAM. Deutsche Bank Aktiengesellschaft raised their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Barclays lifted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and an average price target of $129.25.

Bright Horizons Family Solutions Trading Up 0.4 %

Shares of Bright Horizons Family Solutions stock opened at $140.68 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50-day moving average of $128.49 and a 200-day moving average of $116.23. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $141.90. The stock has a market cap of $8.17 billion, a PE ratio of 99.07 and a beta of 1.48.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The firm had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

About Bright Horizons Family Solutions

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.