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% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,244 shares of the company’s stock after selling 100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Bright Horizons Family Solutions were worth $1,690,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after acquiring an additional 423,456 shares during the period. State Street Corp lifted its holdings in shares of Bright Horizons Family Solutions by 0.4% during the third quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after purchasing an additional 3,970 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after purchasing an additional 7,597 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of Bright Horizons Family Solutions by 3.2% during the third quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company’s stock worth $99,126,000 after purchasing an additional 21,935 shares during the period. Finally, Geneva Capital Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 0.5% during the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after purchasing an additional 2,649 shares during the period.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BFAM shares. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Morgan Stanley decreased their price target 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. UBS Group decreased their price target 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. Jefferies Financial Group decreased their price target 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. Finally, The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. One equities research analyst has rated the stock with a sell rating, three have assigned 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $127.11 on Wednesday. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The company has a market cap of $7.40 billion, a P/E ratio of 52.96 and a beta of 1.45. The business has a fifty day moving average of $117.62 and a two-hundred day moving average of $124.50. 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 announced 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%. As a group, analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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.