First Mercantile Trust Co. cut its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 14.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,379 shares of the company’s stock after selling 241 shares during the period. First Mercantile Trust Co.’s holdings in Bright Horizons Family Solutions were worth $175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc grew its stake in shares of Bright Horizons Family Solutions by 2.6% in the 3rd quarter. Vanguard Group Inc now owns 5,004,064 shares of the company’s stock valued at $589,678,000 after buying an additional 126,335 shares during the period. BlackRock Inc. grew its stake in shares of Bright Horizons Family Solutions by 6.2% in the 4th quarter. BlackRock Inc. now owns 2,938,167 shares of the company’s stock valued at $327,460,000 after buying an additional 170,349 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Bright Horizons Family Solutions by 10.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,888,688 shares of the company’s stock valued at $210,494,000 after buying an additional 186,139 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Bright Horizons Family Solutions by 9.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,352,107 shares of the company’s stock valued at $159,333,000 after buying an additional 120,932 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Bright Horizons Family Solutions by 1.0% in the 4th quarter. Brown Advisory Inc. now owns 1,281,603 shares of the company’s stock valued at $142,834,000 after buying an additional 12,213 shares during the period. Institutional investors own 97.81% of the company’s stock.

Several brokerages recently weighed in on BFAM. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research report on Monday, May 6th. Citigroup raised their price target on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a research report on Wednesday, February 13th. Bank of America reissued a “neutral” rating and set a $123.00 target price (up previously from $115.00) on shares of Bright Horizons Family Solutions in a research report on Wednesday, February 13th. Finally, ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $127.00.

Bright Horizons Family Solutions stock opened at $134.19 on Monday. Bright Horizons Family Solutions Inc has a 1-year low of $98.87 and a 1-year high of $135.18. The company has a market capitalization of $7.80 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 3.73 and a beta of 0.33. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.24.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. The business had revenue of $501.76 million during the quarter, compared to analyst estimates of $497.24 million. During the same period in the previous year, the business earned $0.72 EPS. Bright Horizons Family Solutions’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current year.

In other news, EVP Stephen I. Dreier sold 443 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $127.75, for a total transaction of $56,593.25. Following the completion of the transaction, the executive vice president now directly owns 69,784 shares in the company, valued at approximately $8,914,906. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen I. Dreier sold 4,496 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $127.75, for a total transaction of $574,364.00. Following the transaction, the executive vice president now owns 69,784 shares of the company’s stock, valued at $8,914,906. The disclosure for this sale can be found here. Insiders sold a total of 74,070 shares of company stock valued at $9,268,785 over the last quarter. 1.90% of the stock is owned by company insiders.

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Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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