Cerity Partners LLC Lowers Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Cerity Partners LLC decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,399 shares of the company's stock after selling 4,679 shares during the period. Cerity Partners LLC's holdings in Bright Horizons Family Solutions were worth $2,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BFAM. FMR LLC grew its holdings in Bright Horizons Family Solutions by 39.1% during the third quarter. FMR LLC now owns 5,496 shares of the company's stock valued at $770,000 after purchasing an additional 1,545 shares during the period. Jane Street Group LLC boosted its position in shares of Bright Horizons Family Solutions by 43.5% during the 3rd quarter. Jane Street Group LLC now owns 30,136 shares of the company's stock valued at $4,223,000 after acquiring an additional 9,140 shares during the last quarter. MML Investors Services LLC raised its position in shares of Bright Horizons Family Solutions by 17.3% during the 3rd quarter. MML Investors Services LLC now owns 8,082 shares of the company's stock valued at $1,133,000 after buying an additional 1,190 shares in the last quarter. Barclays PLC grew its position in Bright Horizons Family Solutions by 24.6% during the third quarter. Barclays PLC now owns 19,215 shares of the company's stock valued at $2,693,000 after acquiring an additional 3,796 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in 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 valued at $129,633,000 after buying an additional 7,597 shares during the period.

Wall Street Analysts Forecast Growth

BFAM has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research report on Friday, December 27th. Jefferies Financial Group dropped their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. 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, BMO Capital Markets lifted their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.67.

Bright Horizons Family Solutions Stock Down 0.3 %

BFAM traded down $0.40 during trading on Friday, hitting $116.32. 255,170 shares of the company's stock traded hands, compared to its average volume of 437,904. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The company's 50 day simple moving average is $123.72 and its two-hundred day simple moving average is $120.83. 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 stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 48.47 and a beta of 1.31.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its 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%. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 Bright Horizons Family Solutions stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now owns 33,449 shares of the company's stock, 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. Company insiders own 1.22% of the company's stock.

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.