Invesco Ltd. Has $50.45 Million Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Invesco Ltd. trimmed its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 455,116 shares of the company’s stock after selling 23,103 shares during the quarter. Invesco Ltd. owned 0.78% of Bright Horizons Family Solutions worth $50,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in BFAM. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions in the 4th quarter worth about $25,000. Atala Financial Inc acquired a new position in Bright Horizons Family Solutions in the fourth quarter worth approximately $32,000. Tortoise Investment Management LLC raised its position in Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock valued at $46,000 after acquiring an additional 181 shares in the last quarter. Anchor Investment Management LLC lifted its stake in Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after acquiring an additional 529 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in Bright Horizons Family Solutions in the fourth quarter worth approximately $93,000.

Insider Activity 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 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 approximately $4,170,755.81. The trade was a 2.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the sale, the director now directly owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. UBS Group cut their price target 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. The Goldman Sachs Group cut their target price on 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. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, Jefferies Financial Group decreased their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued 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 $137.67.

Bright Horizons Family Solutions Trading Down 0.1 %

Shares of Bright Horizons Family Solutions stock opened at $118.07 on Wednesday. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90. The company’s fifty day simple moving average is $123.96 and its 200-day simple moving average is $121.02. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 49.20 and a beta of 1.31. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Bright Horizons Family Solutions 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.