Brown Advisory Inc. Sells 134,768 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Brown Advisory Inc. lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,332,570 shares of the company's stock after selling 134,768 shares during the period. Brown Advisory Inc. owned 4.07% of Bright Horizons Family Solutions worth $296,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its position in Bright Horizons Family Solutions by 60.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock valued at $549,654,000 after buying an additional 1,868,117 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at $91,536,000. Raymond James Financial Inc. acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at $79,578,000. Norges Bank bought a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $71,842,000. Finally, William Blair Investment Management LLC increased its position in Bright Horizons Family Solutions by 29.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after purchasing an additional 532,644 shares during the period.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total transaction of $122,560.00. Following the transaction, the chief operating officer owned 29,449 shares in the company, valued at $3,609,269.44. The trade was a 3.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David H. Lissy sold 6,282 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the transaction, the director owned 69,312 shares of the company's stock, valued at $9,017,491.20. This represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,282 shares of company stock valued at $1,848,993 over the last ninety days. 1.21% of the stock is owned by insiders.

Bright Horizons Family Solutions Trading Down 1.0%

Bright Horizons Family Solutions stock traded down $1.18 during midday trading on Friday, hitting $115.40. 294,961 shares of the stock were exchanged, compared to its average volume of 474,911. The stock has a market capitalization of $6.61 billion, a PE ratio of 41.66 and a beta of 1.30. The company has a fifty day simple moving average of $123.49 and a two-hundred day simple moving average of $121.76. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.90.

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

Analyst Upgrades and Downgrades

BFAM has been the topic of a number of research reports. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their target price for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley increased their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and an average target price 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.