Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 27.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,419 shares of the company’s stock after selling 2,746 shares during the quarter. Victory Capital Management Inc.’s holdings in Bright Horizons Family Solutions were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BFAM. Riverview Trust Co acquired a new position in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $25,000. Principal Securities Inc. acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $38,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Bright Horizons Family Solutions by 850.0% during the second 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. acquired a new position in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $40,000. Finally, LRI Investments LLC acquired a new position in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $153,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BFAM shares. Robert W. Baird raised their price objective on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Barclays lifted their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average price target of $129.25.

Bright Horizons Family Solutions Stock Up 1.9 %

Shares of Bright Horizons Family Solutions stock opened at $139.06 on Friday. Bright Horizons Family Solutions Inc. has a 1 year low of $71.65 and a 1 year high of $141.90. The company has a market cap of $8.07 billion, a P/E ratio of 97.93 and a beta of 1.48. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average price of $131.81 and a 200 day moving average price of $117.31.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping the consensus estimate 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 business had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $666.17 million. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $110.20, for a total value of $88,160.00. Following the transaction, the chief operating officer now directly owns 36,925 shares of the company’s stock, valued at approximately $4,069,135. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now owns 30,257 shares in the company, valued at approximately $3,961,549.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $110.20, for a total transaction of $88,160.00. Following the transaction, the chief operating officer now owns 36,925 shares in the company, valued at approximately $4,069,135. The disclosure for this sale can be found here. Insiders sold 24,635 shares of company stock valued at $3,198,948 in the last quarter. Company insiders own 1.22% of the company’s stock.

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.