Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 22.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,399 shares of the company's stock after selling 2,158 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Bright Horizons Family Solutions were worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its position in Bright Horizons Family Solutions by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock valued at $1,463,000 after buying an additional 96 shares during the period. Bank of Montreal Can raised its stake 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 worth $323,000 after purchasing an additional 101 shares during the period. Arizona State Retirement System raised its stake in Bright Horizons Family Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock worth $1,681,000 after purchasing an additional 129 shares during the period. Parallel Advisors LLC raised its stake in Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after purchasing an additional 143 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in Bright Horizons Family Solutions by 0.6% during the fourth 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 period.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $125.36, for a total transaction of $125,360.00. Following the completion of the transaction, the chief operating officer now directly owns 31,449 shares in the company, valued at approximately $3,942,446.64. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $128.49, for a total transaction of $321,225.00. Following the transaction, the director now owns 20,257 shares of the company's stock, valued at $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. In the last quarter, insiders sold 13,282 shares of company stock worth $1,726,433. Company insiders own 1.21% of the company's stock.

Wall Street Analysts Forecast Growth

BFAM has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price target for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $138.67.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM traded up $1.71 during trading hours on Friday, reaching $122.23. 1,009,443 shares of the company's stock were exchanged, compared to its average volume of 468,419. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 44.12 and a beta of 1.33. The company has a 50-day moving average of $123.94 and a 200 day moving average of $121.18. 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 1-year low of $103.75 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued 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 firm had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. During the same quarter in the prior year, the business earned $0.51 EPS. Bright Horizons Family Solutions's quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current 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.