Stifel Financial Corp Sells 4,534 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Stifel Financial Corp lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,034 shares of the company's stock after selling 4,534 shares during the period. Stifel Financial Corp owned 0.20% of Bright Horizons Family Solutions worth $12,752,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its holdings in Bright Horizons Family Solutions by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock worth $1,463,000 after purchasing an additional 96 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Bright Horizons Family Solutions by 3.6% during the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after acquiring an additional 101 shares during the last quarter. Accretive Wealth Partners LLC grew its holdings in shares of Bright Horizons Family Solutions by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock worth $833,000 after purchasing an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock worth $601,000 after buying an additional 113 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Bright Horizons Family Solutions by 0.9% during the fourth 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 in the last quarter.

Bright Horizons Family Solutions Stock Up 2.6 %

Shares of Bright Horizons Family Solutions stock traded up $3.27 on Friday, reaching $128.02. The company's stock had a trading volume of 68,245 shares, compared to its average volume of 441,281. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $141.90. The firm's fifty day simple moving average is $122.74 and its two-hundred day simple moving average is $119.74. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 53.34 and a beta of 1.31.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the transaction, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at $4,170,755.81. The trade was 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 shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the transaction, the director now owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,500 shares of company stock worth $561,900 in the last quarter. Company insiders own 1.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BFAM shares. BMO Capital Markets upped their target price on 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. Jefferies Financial Group decreased their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. UBS Group cut their price objective on 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. Morgan Stanley dropped their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $137.67.

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.