Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,384,588 shares of the company's stock after selling 58,189 shares during the quarter. Vanguard Group Inc. owned 9.38% of Bright Horizons Family Solutions worth $684,058,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 60.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock valued at $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Bright Horizons Family Solutions by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock worth $328,908,000 after acquiring an additional 29,425 shares during the period. Bamco Inc. NY lifted its position in shares of Bright Horizons Family Solutions by 4.7% in the 4th quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock worth $172,846,000 after acquiring an additional 69,940 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Bright Horizons Family Solutions by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 811,829 shares of the company's stock worth $89,991,000 after buying an additional 53,310 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in Bright Horizons Family Solutions by 199.6% during the 4th quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company's stock valued at $74,451,000 after purchasing an additional 447,457 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM traded up $2.42 during midday trading on Friday, reaching $121.40. The company's stock had a trading volume of 533,448 shares, compared to its average volume of 739,457. Bright Horizons Family Solutions Inc. has a 12-month low of $103.75 and a 12-month high of $141.90. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.60. The firm has a 50 day moving average price of $119.03 and a 200-day moving average price of $122.11. The stock has a market capitalization of $6.90 billion, a P/E ratio of 39.80 and a beta of 1.34.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $731.57 million for the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BFAM shares. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday, July 28th. Jefferies Financial Group lowered Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price target for the company from $146.00 to $135.00 in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions has a consensus rating of "Moderate Buy" and an average price target of $137.75.

Insider Activity

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Friday, August 1st. The shares were sold at an average price of $128.99, for a total transaction of $128,990.00. Following the transaction, the chief operating officer owned 28,449 shares in the company, valued at approximately $3,669,636.51. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total transaction of $462,560.00. Following the sale, the chief financial officer owned 80,162 shares in the company, valued at $10,594,209.92. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,282 shares of company stock worth $2,212,923 over the last three months. 1.21% of the stock is currently 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.