Advisor OS LLC Trims Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advisor OS LLC lowered its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 45.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,864 shares of the company’s stock after selling 2,431 shares during the quarter. Advisor OS LLC’s holdings in Bright Horizons Family Solutions were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BFAM. Creative Planning purchased a new stake in Bright Horizons Family Solutions in the third quarter valued at $373,000. Private Advisor Group LLC raised its holdings in shares of Bright Horizons Family Solutions by 16.5% in the 3rd quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock valued at $349,000 after buying an additional 352 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Bright Horizons Family Solutions by 110.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,312 shares of the company’s stock valued at $744,000 after buying an additional 2,791 shares during the period. Pallas Capital Advisors LLC purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $216,000. Finally, Stephens Inc. AR raised its holdings in shares of Bright Horizons Family Solutions by 10.2% in the 3rd quarter. Stephens Inc. AR now owns 3,508 shares of the company’s stock valued at $492,000 after buying an additional 324 shares during the period.

Wall Street Analysts Forecast Growth

BFAM has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Morgan Stanley cut their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, 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 research note on Friday, December 27th. One research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Bright Horizons Family Solutions Trading Down 1.1 %

NYSE:BFAM opened at $127.04 on Friday. The stock has a 50-day simple moving average of $118.09 and a 200-day simple moving average of $124.53. The stock has a market cap of $7.39 billion, a P/E ratio of 52.93 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share (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%. As a group, analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share 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 company’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 directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.22% of the company’s stock.

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.