Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,124 shares of the company’s stock after selling 170 shares during the period. Victory Capital Management Inc.’s holdings in Bright Horizons Family Solutions were worth $790,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in Bright Horizons Family Solutions during the fourth quarter valued at $25,000. True Wealth Design LLC acquired a new stake in Bright Horizons Family Solutions during the third quarter valued at $49,000. Daiwa Securities Group Inc. grew its position in Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after buying an additional 145 shares during the period. Anchor Investment Management LLC grew its position in Bright Horizons Family Solutions by 423.2% during the third quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after buying an additional 529 shares during the period. Finally, Avanza Fonder AB acquired a new stake in Bright Horizons Family Solutions during the fourth quarter valued at $93,000.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction dated 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 owns 22,757 shares of the company’s stock, valued at approximately $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. 1.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. 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 report on Thursday, January 23rd. The Goldman Sachs Group decreased their price objective 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. Morgan Stanley decreased their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $126.05 on Friday. The company’s 50-day moving average price is $123.23 and its 200-day moving average price is $123.59. 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 company has a market cap of $7.23 billion, a P/E ratio of 52.52 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results 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 return on equity of 13.63% and a net margin of 5.22%. On average, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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.