Victory Capital Management Inc. Lowers Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Victory Capital Management Inc. trimmed its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,124 shares of the company’s stock after selling 170 shares during the period. Victory Capital Management Inc.’s holdings in Bright Horizons Family Solutions were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. lifted its position in shares of Bright Horizons Family Solutions by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after purchasing an additional 96 shares during the period. Accretive Wealth Partners LLC lifted its position in shares of Bright Horizons Family Solutions by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after purchasing an additional 111 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after purchasing an additional 113 shares during the period. Avior Wealth Management LLC lifted its position in shares of Bright Horizons Family Solutions by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock worth $655,000 after purchasing an additional 133 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of 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 purchasing an additional 145 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BFAM shares. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group lowered their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, December 27th. Jefferies Financial Group lowered their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Trading Down 2.0 %

Shares of Bright Horizons Family Solutions stock opened at $126.05 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 52.52 and a beta of 1.50. The firm’s 50 day simple moving average is $123.23 and its two-hundred day simple moving average is $123.59.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) 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%. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Bright Horizons Family Solutions 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.