Bright Horizons Family Solutions Inc. (NYSE:BFAM) Holdings Lowered by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,199 shares of the company's stock after selling 6,958 shares during the period. Cubist Systematic Strategies LLC owned 0.11% of Bright Horizons Family Solutions worth $7,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Atala Financial Inc purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $32,000. Tortoise Investment Management LLC raised its position in Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after acquiring an additional 181 shares in the last quarter. Avanza Fonder AB acquired a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $93,000. Federated Hermes Inc. boosted its position in shares of Bright Horizons Family Solutions by 194.8% during the 4th quarter. Federated Hermes Inc. now owns 914 shares of the company's stock worth $101,000 after purchasing an additional 604 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Bright Horizons Family Solutions by 926.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock worth $157,000 after purchasing an additional 1,279 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on BFAM shares. Morgan Stanley upped their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Jefferies Financial Group cut their target price 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 upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, UBS Group cut their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. One research 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.33.

Bright Horizons Family Solutions Trading Up 0.7%

BFAM traded up $0.91 during midday trading on Monday, hitting $122.94. The company's stock had a trading volume of 551,843 shares, compared to its average volume of 443,582. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week 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 firm has a 50-day moving average price of $122.08 and a two-hundred day moving average price of $119.22. The firm has a market cap of $7.04 billion, a P/E ratio of 51.22 and a beta of 1.32.

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

Insiders Place Their Bets

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

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.