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

Mayar Capital Ltd. lowered its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 49.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,634 shares of the company's stock after selling 29,600 shares during the period. Bright Horizons Family Solutions makes up about 6.9% of Mayar Capital Ltd.'s portfolio, making the stock its 6th largest position. Mayar Capital Ltd. owned approximately 0.05% of Bright Horizons Family Solutions worth $3,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BFAM. Axxcess Wealth Management LLC boosted its stake in Bright Horizons Family Solutions by 4.1% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company's stock worth $267,000 after purchasing an additional 82 shares in the last quarter. Bank of Montreal Can boosted its stake in Bright Horizons Family Solutions by 3.6% in the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock worth $323,000 after purchasing an additional 101 shares in the last quarter. Parallel Advisors LLC boosted its stake in Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after purchasing an additional 143 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Bright Horizons Family Solutions by 0.6% in the 4th 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 in the last quarter. Finally, AlphaQuest LLC lifted its stake in Bright Horizons Family Solutions by 9.7% during the 4th quarter. AlphaQuest LLC now owns 1,881 shares of the company's stock valued at $209,000 after acquiring an additional 166 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction 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 sale, the director owned 20,257 shares of the company's stock, valued at approximately $2,602,821.93. The trade was a 10.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David H. Lissy sold 6,282 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total transaction of $817,288.20. Following the completion of the sale, the director directly owned 69,312 shares of the company's stock, valued at approximately $9,017,491.20. The trade was a 8.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,282 shares of company stock worth $1,848,993 in the last quarter. 1.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their price objective for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley lifted their price objective 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.67.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $0.41 during trading on Friday, hitting $114.63. 219,992 shares of the stock traded hands, compared to its average volume of 474,677. 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 company has a market cap of $6.56 billion, a price-to-earnings ratio of 41.40 and a beta of 1.30. The company has a fifty day moving average price of $122.79 and a two-hundred day moving average price of $121.88. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week 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. The firm had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

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.