Bright Horizons Family Solutions Inc. $BFAM Stock Position Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 631,952 shares of the company's stock after selling 17,159 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.10% of Bright Horizons Family Solutions worth $80,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Natural Investments LLC lifted its position in Bright Horizons Family Solutions by 18.2% during the 1st quarter. Natural Investments LLC now owns 21,386 shares of the company's stock worth $2,716,000 after acquiring an additional 3,290 shares in the last quarter. Allianz SE raised its position in shares of Bright Horizons Family Solutions by 5,181.0% in the 1st quarter. Allianz SE now owns 3,327 shares of the company's stock valued at $423,000 after purchasing an additional 3,264 shares in the last quarter. Blueshift Asset Management LLC raised its position in shares of Bright Horizons Family Solutions by 304.9% in the 1st quarter. Blueshift Asset Management LLC now owns 9,281 shares of the company's stock valued at $1,179,000 after purchasing an additional 6,989 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Bright Horizons Family Solutions in the 1st quarter valued at approximately $311,000. Finally, US Bancorp DE raised its position in shares of Bright Horizons Family Solutions by 3.5% in the 1st quarter. US Bancorp DE now owns 11,123 shares of the company's stock valued at $1,413,000 after purchasing an additional 379 shares in the last quarter.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CFO Elizabeth J. Boland sold 3,500 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total value of $462,560.00. Following the sale, the chief financial officer directly owned 80,162 shares in the company, valued at $10,594,209.92. This trade represents a 4.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the sale, the director owned 18,233 shares in the company, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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 BFAM stock traded down $0.88 on Monday, hitting $120.52. 120,566 shares of the stock traded hands, compared to its average volume of 495,783. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $6.85 billion, a PE ratio of 39.54 and a beta of 1.34. Bright Horizons Family Solutions Inc. has a 1-year low of $103.75 and a 1-year high of $141.90. The company's fifty day moving average is $119.03 and its 200 day moving average is $122.09.

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

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.