Invesco Ltd. Sells 23,103 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Invesco Ltd. cut its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 455,116 shares of the company's stock after selling 23,103 shares during the period. Invesco Ltd. owned 0.78% of Bright Horizons Family Solutions worth $50,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Y Intercept Hong Kong Ltd boosted its position in Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock worth $787,000 after purchasing an additional 2,739 shares during the period. New York Life Investment Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth about $679,000. New York State Common Retirement Fund grew its stake in Bright Horizons Family Solutions by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock valued at $12,768,000 after buying an additional 35,959 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at about $5,212,000. Finally, LPL Financial LLC raised its holdings in Bright Horizons Family Solutions by 11.4% in the 4th quarter. LPL Financial LLC now owns 40,068 shares of the company's stock valued at $4,442,000 after acquiring an additional 4,108 shares during the period.

Analysts Set New Price Targets

Several research firms have recently commented on BFAM. Morgan Stanley decreased their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. UBS Group decreased their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. The Goldman Sachs Group lowered their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. Finally, Jefferies Financial Group cut their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $137.67.

Bright Horizons Family Solutions Price Performance

NYSE BFAM traded down $1.18 on Monday, hitting $115.18. 15,398 shares of the company's stock were exchanged, compared to its average volume of 437,041. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $141.90. The stock has a 50-day moving average of $123.71 and a 200-day moving average of $120.44. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 47.99 and a beta of 1.31.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.22% of the company's stock.

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.