Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,234 shares of the company's stock after selling 2,988 shares during the period. Bank of New York Mellon Corp owned about 0.37% of Bright Horizons Family Solutions worth $26,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bank of Montreal Can grew its position in Bright Horizons Family Solutions by 3.6% during the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after purchasing an additional 101 shares in the last quarter. Parallel Advisors LLC increased its holdings in Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after buying an additional 143 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Bright Horizons Family Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company's stock worth $2,808,000 after purchasing an additional 150 shares during the last quarter. Fifth Third Bancorp lifted its position in Bright Horizons Family Solutions by 6.5% during the 1st quarter. Fifth Third Bancorp now owns 3,238 shares of the company's stock worth $411,000 after buying an additional 198 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after acquiring an additional 200 shares during the period.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total transaction of $122,560.00. Following the completion of the sale, the chief operating officer directly owned 29,449 shares of the company's stock, valued at $3,609,269.44. The trade was a 3.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $128.49, for a total value of $321,225.00. Following the sale, the director directly owned 20,257 shares of the company's stock, valued at approximately $2,602,821.93. This trade represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,282 shares of company stock valued at $1,848,993 over the last quarter. 1.21% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM traded down $0.24 during trading hours on Friday, hitting $114.81. The stock had a trading volume of 357,430 shares, compared to its average volume of 475,149. The stock has a fifty day moving average price of $122.79 and a 200 day moving average price of $121.88. 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 0.66, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $6.57 billion, a PE ratio of 41.45 and a beta of 1.30.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The company had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The firm's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. Analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price objective for the company from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.67.

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.