Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,467,338 shares of the company's stock after selling 128,967 shares during the period. Brown Advisory Inc. owned about 4.24% of Bright Horizons Family Solutions worth $273,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $25,000. Atala Financial Inc purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $32,000. Tortoise Investment Management LLC grew its stake in shares of Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after acquiring an additional 181 shares during the period. Avanza Fonder AB bought a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $93,000. Finally, Federated Hermes Inc. lifted its holdings in Bright Horizons Family Solutions by 194.8% during the fourth quarter. Federated Hermes Inc. now owns 914 shares of the company's stock valued at $101,000 after purchasing an additional 604 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on BFAM. UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Morgan Stanley raised their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday. Jefferies Financial Group dropped their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $138.33.

Bright Horizons Family Solutions Price Performance

BFAM traded up $2.04 during trading hours on Wednesday, hitting $123.35. The company's stock had a trading volume of 491,280 shares, compared to its average volume of 441,181. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The business's 50-day moving average price is $122.49 and its 200-day moving average price is $119.55. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 51.40 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The firm had revenue of $665.53 million for the quarter, compared to analysts' expectations of $664.34 million. During the same period in the prior year, the company earned $0.51 EPS. The business's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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 business's stock in a transaction that occurred on Monday, March 10th. The stock was 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 owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $125.36, for a total value of $125,360.00. Following the completion of the sale, the chief operating officer now owns 31,449 shares in the company, valued at approximately $3,942,446.64. The trade was a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,500 shares of company stock worth $561,900 over the last quarter. Insiders own 1.22% of the company's stock.

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.