AMI Asset Management Corp Sells 2,119 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

AMI Asset Management Corp lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,826 shares of the company’s stock after selling 2,119 shares during the period. AMI Asset Management Corp’s holdings in Bright Horizons Family Solutions were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BFAM. OLD National Bancorp IN grew its stake in Bright Horizons Family Solutions by 2.7% in the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after acquiring an additional 82 shares during the period. Wealth Enhancement Advisory Services LLC grew its position 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 valued at $601,000 after purchasing an additional 113 shares during the period. EverSource Wealth Advisors LLC increased its stake in Bright Horizons Family Solutions by 6.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 119 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Bright Horizons Family Solutions by 2.9% during the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock worth $655,000 after buying an additional 133 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Bright Horizons Family Solutions by 37.2% in 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 in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley decreased their target price on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Baird R W upgraded 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 boosted their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.25.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $117.47 on Tuesday. The company has a market capitalization of $6.83 billion, a P/E ratio of 59.03 and a beta of 1.44. The company’s 50-day moving average is $112.18 and its 200 day moving average is $124.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a fifty-two week low of $94.83 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.22% of the stock is owned by corporate 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.