Mayar Capital Ltd. Sells 29,600 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Mayar Capital Ltd. lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 49.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,634 shares of the company's stock after selling 29,600 shares during the period. Bright Horizons Family Solutions accounts for approximately 6.9% of Mayar Capital Ltd.'s investment portfolio, making the stock its 6th biggest position. Mayar Capital Ltd. owned about 0.05% of Bright Horizons Family Solutions worth $3,892,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in shares of Bright Horizons Family Solutions by 355.6% during the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock valued at $1,415,000 after acquiring an additional 8,694 shares during the last quarter. Impax Asset Management Group plc increased its position in Bright Horizons Family Solutions by 13.8% during the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock worth $3,690,000 after purchasing an additional 3,514 shares during the last quarter. Bessemer Group Inc. raised its stake in Bright Horizons Family Solutions by 4.3% during the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock worth $36,826,000 after purchasing an additional 11,967 shares during the period. Barclays PLC boosted its holdings in Bright Horizons Family Solutions by 57.5% in the 4th quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after purchasing an additional 11,057 shares during the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Bright Horizons Family Solutions by 182.3% in the 1st quarter. Merit Financial Group LLC now owns 5,488 shares of the company's stock valued at $697,000 after purchasing an additional 3,544 shares during the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $128.49, for a total value of $321,225.00. Following the completion of the transaction, the director owned 20,257 shares of the company's stock, valued at approximately $2,602,821.93. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David H. Lissy sold 6,282 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total transaction of $817,288.20. Following the completion of the transaction, the director owned 69,312 shares of the company's stock, valued at $9,017,491.20. This trade represents a 8.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,282 shares of company stock valued at $1,848,993 over the last three months. 1.21% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Stock Up 0.0%

Shares of NYSE BFAM opened at $115.37 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $123.49 and its two-hundred day moving average is $121.92. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 41.65 and a beta of 1.30.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share 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 business had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BFAM. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their price target for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley raised their target price 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 issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and a consensus target price of $138.67.

Bright Horizons Family Solutions Company 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.

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