Daiwa Securities Group Inc. Sells 120 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Daiwa Securities Group Inc. decreased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415 shares of the company’s stock after selling 120 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Bright Horizons Family Solutions were worth $46,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BFAM. Raymond James Financial Inc. acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter valued at approximately $79,578,000. Massachusetts Financial Services Co. MA grew its position in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after purchasing an additional 423,456 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Bright Horizons Family Solutions by 114.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 209,091 shares of the company’s stock valued at $23,178,000 after purchasing an additional 111,760 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in shares of Bright Horizons Family Solutions by 24.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 294,835 shares of the company’s stock valued at $32,682,000 after purchasing an additional 57,575 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in shares of Bright Horizons Family Solutions by 23.1% in the third quarter. Loomis Sayles & Co. L P now owns 273,901 shares of the company’s stock valued at $38,381,000 after purchasing an additional 51,424 shares during the last quarter.

Insider Activity

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

Bright Horizons Family Solutions Trading Up 1.9 %

Shares of BFAM stock opened at $129.16 on Tuesday. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The company has a market cap of $7.41 billion, a PE ratio of 53.82 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The stock’s fifty day moving average price is $122.12 and its two-hundred day moving average price is $123.70.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS 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 predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BFAM shares. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Friday, November 22nd. Jefferies Financial Group reduced their price target on 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. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. UBS Group reduced their price target 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. Finally, The Goldman Sachs Group reduced their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, December 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price 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.