Deutsche Bank AG Sells 13,858 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Deutsche Bank AG lowered its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,541 shares of the company's stock after selling 13,858 shares during the quarter. Deutsche Bank AG owned approximately 0.45% of Bright Horizons Family Solutions worth $32,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in Bright Horizons Family Solutions by 62.2% in the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Parallel Advisors LLC lifted 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 worth $41,000 after purchasing an additional 143 shares during the last quarter. Global Financial Private Client LLC lifted its holdings in shares of Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after buying an additional 232 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth approximately $50,000. Finally, GAMMA Investing LLC increased its position in shares of Bright Horizons Family Solutions by 72.7% during the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after purchasing an additional 200 shares during the period.

Analyst Ratings Changes

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

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares of the company's stock, valued at $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David H. Lissy sold 6,282 shares of the 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 sale, the director directly owned 69,312 shares of the company's stock, valued at $9,017,491.20. The trade was a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,282 shares of company stock valued at $2,212,923 in the last 90 days. Corporate insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Performance

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

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

About Bright Horizons Family Solutions

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.