Bright Horizons Family Solutions Inc. (NYSE:BFAM) Holdings Decreased by Geneva Capital Management LLC

Geneva Capital Management LLC decreased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 589,331 shares of the company’s stock after selling 9,618 shares during the period. Geneva Capital Management LLC’s holdings in Bright Horizons Family Solutions were worth $55,539,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of Bright Horizons Family Solutions by 102.2% during the 3rd quarter. Signaturefd LLC now owns 653 shares of the company’s stock valued at $53,000 after purchasing an additional 330 shares during the period. SG Americas Securities LLC bought a new stake in Bright Horizons Family Solutions in the fourth quarter worth about $176,000. Axxcess Wealth Management LLC acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $203,000. Sfmg LLC bought a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $210,000. Finally, Xponance Inc. grew its stake in shares of Bright Horizons Family Solutions by 18.7% in the 3rd quarter. Xponance Inc. now owns 3,238 shares of the company’s stock worth $264,000 after purchasing an additional 510 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded down $0.65 during trading hours on Thursday, reaching $113.14. 260,206 shares of the company were exchanged, compared to its average volume of 345,209. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $119.21. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 79.68, a PEG ratio of 4.28 and a beta of 1.38. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $111.33 and a 200 day moving average of $99.55.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. The business had revenue of $615.65 million for the quarter, compared to analyst estimates of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. As a group, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief operating officer now owns 37,253 shares in the company, valued at approximately $3,911,565. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the sale, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jason Janoff sold 6,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $113.79, for a total transaction of $682,740.00. Following the transaction, the chief accounting officer now owns 8,955 shares in the company, valued at approximately $1,018,989.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,390 shares of company stock worth $3,901,540. Company insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BFAM shares. Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $100.00 to $125.00 in a research note on Wednesday, February 28th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Finally, UBS Group dropped their target price on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $106.63.

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.