Frontier Capital Management Co. LLC Decreases Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Frontier Capital Management Co. LLC lessened its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 485,030 shares of the company's stock after selling 29,692 shares during the period. Frontier Capital Management Co. LLC owned 0.83% of Bright Horizons Family Solutions worth $53,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BFAM. Barclays PLC raised its position in shares of Bright Horizons Family Solutions by 24.6% during the 3rd quarter. Barclays PLC now owns 19,215 shares of the company's stock worth $2,693,000 after purchasing an additional 3,796 shares during the last quarter. Tidal Investments LLC acquired a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at about $695,000. Versant Capital Management Inc acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC raised its holdings in 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 valued at $601,000 after acquiring an additional 113 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Bright Horizons Family Solutions by 17.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 98,650 shares of the company's stock valued at $10,935,000 after acquiring an additional 14,583 shares during the last quarter.

Bright Horizons Family Solutions Trading Down 0.7%

Shares of NYSE:BFAM traded down $0.85 during mid-day trading on Tuesday, reaching $122.11. 237,899 shares of the company were exchanged, compared to its average volume of 442,817. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 50.88 and a beta of 1.32. The firm's 50-day simple moving average is $122.08 and its 200 day simple moving average is $119.22. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The firm had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm'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 value of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares of the company's stock, valued at $4,170,755.81. This trade represents a 2.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary Ann Tocio sold 2,500 shares of the firm'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 completion of the transaction, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. This represents a 9.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,500 shares of company stock valued at $561,900. 1.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BFAM has been the subject of a number of recent research reports. Jefferies Financial Group cut their price objective on shares of 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. UBS Group cut their price objective on shares of 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. BMO Capital Markets raised their price objective 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. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Finally, StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. One equities 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 issued a strong buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average target price of $138.33.

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.