Vontobel Holding Ltd. Sells 3,282 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Vontobel Holding Ltd. reduced its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 24.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,222 shares of the company's stock after selling 3,282 shares during the quarter. Vontobel Holding Ltd.'s holdings in Bright Horizons Family Solutions were worth $1,299,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Bright Horizons Family Solutions by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 213,222 shares of the company's stock valued at $23,636,000 after purchasing an additional 4,494 shares during the last quarter. US Bancorp DE lifted its position in Bright Horizons Family Solutions by 3.3% in the 4th quarter. US Bancorp DE now owns 10,744 shares of the company's stock valued at $1,191,000 after purchasing an additional 347 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Bright Horizons Family Solutions by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,111 shares of the company's stock valued at $71,954,000 after purchasing an additional 2,879 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $3,072,000. Finally, Arizona State Retirement System lifted its position in Bright Horizons Family Solutions by 0.9% in the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock valued at $1,681,000 after purchasing an additional 129 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of BFAM traded up $0.48 during mid-day trading on Tuesday, hitting $117.72. The company's stock had a trading volume of 670,238 shares, compared to its average volume of 473,542. The firm has a 50-day moving average price of $124.08 and a 200 day moving average price of $121.70. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 42.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. Bright Horizons Family Solutions Inc. has a fifty-two week low of $103.75 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The business had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total value of $122,560.00. Following the transaction, the chief operating officer directly owned 29,449 shares of the company's stock, valued at $3,609,269.44. This trade represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $128.49, for a total transaction of $321,225.00. Following the sale, the director owned 20,257 shares of the company's stock, valued at approximately $2,602,821.93. This represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,282 shares of company stock valued at $1,848,993. 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.