Envestnet Portfolio Solutions Inc. Lowers Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Envestnet Portfolio Solutions Inc. decreased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 22.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,399 shares of the company's stock after selling 2,158 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Bright Horizons Family Solutions were worth $940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Bright Horizons Family Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock valued at $603,332,000 after purchasing an additional 101,151 shares during the period. T. Rowe Price Investment Management Inc. increased its stake 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 worth $549,654,000 after buying an additional 1,868,117 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Bright Horizons Family Solutions by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock valued at $393,141,000 after acquiring an additional 511,905 shares during the period. William Blair Investment Management LLC lifted its position in shares of 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 valued at $262,752,000 after acquiring an additional 532,644 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in shares of Bright Horizons Family Solutions by 4.7% in the fourth quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock valued at $172,846,000 after acquiring an additional 69,940 shares in the last quarter.

Wall Street Analysts Forecast Growth

BFAM has been the subject of several research analyst reports. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their target price for the stock from $146.00 to $135.00 in a research report on Monday. Morgan Stanley upped their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.67.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $121.33 on Thursday. The firm has a market cap of $6.95 billion, a PE ratio of 43.80 and a beta of 1.33. The stock has a 50 day moving average of $123.74 and a 200 day moving average of $120.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its 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. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The firm had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. During the same period in the prior year, the company earned $0.51 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Elizabeth J. Boland sold 3,500 shares of the 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 completion of the transaction, the chief financial officer now owns 80,162 shares of the company's stock, valued at approximately $10,594,209.92. This trade represents a 4.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $128.49, for a total value of $321,225.00. Following the completion of the transaction, the director now owns 20,257 shares of the company's stock, valued at approximately $2,602,821.93. This represents a 10.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,282 shares of company stock valued at $1,726,433 in the last three months. Corporate insiders own 1.21% of the company's stock.

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.

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