Swiss National Bank Sells 1,300 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Swiss National Bank reduced its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,479 shares of the company’s stock after selling 1,300 shares during the period. Swiss National Bank’s holdings in Bright Horizons Family Solutions were worth $12,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BFAM. T. Rowe Price Investment Management Inc. lifted its position in Bright Horizons Family Solutions by 60.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company’s stock valued at $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company’s stock valued at $328,908,000 after purchasing an additional 29,425 shares during the last quarter. Bamco Inc. NY grew its position in shares of Bright Horizons Family Solutions by 4.7% in the 4th quarter. Bamco Inc. NY now owns 1,559,277 shares of the company’s stock worth $172,846,000 after buying an additional 69,940 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bright Horizons Family Solutions by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 811,829 shares of the company’s stock worth $89,991,000 after buying an additional 53,310 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Bright Horizons Family Solutions by 199.6% in the 4th quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company’s stock worth $74,451,000 after buying an additional 447,457 shares during the last quarter.

Bright Horizons Family Solutions Stock Down 0.4%

Shares of NYSE:BFAM opened at $119.08 on Friday. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90. The firm has a market capitalization of $6.77 billion, a P/E ratio of 39.04 and a beta of 1.34. The stock has a 50 day moving average price of $119.13 and a 200-day moving average price of $122.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.60 and a current ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%. The firm had revenue of $731.57 million for the quarter, compared to analysts’ expectations of $724.32 million. During the same period in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BFAM has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating on the stock in a research report on Monday, July 28th. Jefferies Financial Group lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and cut their price objective for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.75.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares in the company, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $128.99, for a total transaction of $128,990.00. Following the sale, the chief operating officer owned 28,449 shares of the company’s stock, valued at $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,282 shares of company stock worth $2,212,923 in the last three months. 1.21% of the stock is currently owned by company insiders.

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.