Truist Financial Corp Sells 2,195 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Truist Financial Corp trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,043 shares of the company’s stock after selling 2,195 shares during the period. Truist Financial Corp’s holdings in Bright Horizons Family Solutions were worth $7,875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BFAM. Versant Capital Management Inc bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth $25,000. True Wealth Design LLC purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth about $49,000. Capital Performance Advisors LLP purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth about $75,000. Daiwa Securities Group Inc. increased its holdings in Bright Horizons Family Solutions by 37.2% in 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 during the last quarter. Finally, Anchor Investment Management LLC increased its holdings in Bright Horizons Family Solutions by 423.2% in 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 during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BFAM. Morgan Stanley decreased their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Jefferies Financial Group decreased their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, UBS Group decreased their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.67.

Bright Horizons Family Solutions Stock Down 2.4 %

BFAM stock opened at $126.29 on Friday. 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 firm has a market capitalization of $7.35 billion, a PE ratio of 52.62 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The stock has a 50-day simple moving average of $116.91 and a two-hundred day simple moving average of $124.69.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.49 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is owned by insiders.

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.