KBC Group NV Lowers Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

KBC Group NV lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 50.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,623 shares of the company's stock after selling 42,502 shares during the quarter. KBC Group NV owned about 0.07% of Bright Horizons Family Solutions worth $5,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atala Financial Inc acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at $32,000. Parallel Advisors LLC boosted its holdings in shares of Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares in the last quarter. Global Financial Private Client LLC increased its stake 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 acquiring an additional 232 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after acquiring an additional 181 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Bright Horizons Family Solutions by 72.7% during the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock worth $60,000 after purchasing an additional 200 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on BFAM. Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their price target for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and an average target price of $138.67.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM traded down $0.34 during trading on Friday, hitting $120.58. 157,122 shares of the stock were exchanged, compared to its average volume of 471,254. The company has a market cap of $6.90 billion, a PE ratio of 43.53 and a beta of 1.30. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $124.27 and a two-hundred day moving average price of $121.67. 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 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $664.34 million. During the same period last year, the firm posted $0.51 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling

In other news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions 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 completion of the sale, the director directly owned 20,257 shares in the company, valued at $2,602,821.93. The trade was a 10.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total transaction of $462,560.00. Following the completion of the transaction, the chief financial officer directly owned 80,162 shares of the company's stock, valued at approximately $10,594,209.92. This represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,282 shares of company stock worth $1,848,993 in the last ninety days. 1.21% of the stock is currently owned by insiders.

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.