Wells Fargo & Company MN Cuts Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Wells Fargo & Company MN reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 574,390 shares of the company’s stock after selling 8,298 shares during the period. Wells Fargo & Company MN’s holdings in Bright Horizons Family Solutions were worth $63,671,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BFAM. Bryce Point Capital LLC purchased a new position in shares of Bright Horizons Family Solutions in the fourth quarter valued at approximately $1,622,000. Geode Capital Management LLC boosted its position in Bright Horizons Family Solutions by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 929,542 shares of the company’s stock valued at $103,075,000 after buying an additional 4,710 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of Bright Horizons Family Solutions by 28.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,349 shares of the company’s stock worth $275,000 after acquiring an additional 516 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Bright Horizons Family Solutions by 209.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 245,544 shares of the company’s stock valued at $27,219,000 after purchasing an additional 166,264 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Bright Horizons Family Solutions by 14.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 251,125 shares of the company’s stock valued at $27,837,000 after buying an additional 32,266 shares during the period.

Analysts Set New Price Targets

BFAM has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Morgan Stanley reduced their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Jefferies Financial Group lowered their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, UBS Group cut their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. One 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Bright Horizons Family Solutions Stock Down 1.2 %

Bright Horizons Family Solutions stock opened at $110.13 on Wednesday. The company has a market capitalization of $6.32 billion, a P/E ratio of 45.89 and a beta of 1.31. 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 $100.59 and a fifty-two week high of $141.90. The stock has a 50-day simple moving average of $124.45 and a 200-day simple moving average of $121.79.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares of the company’s stock, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by insiders.

About Bright Horizons Family Solutions

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.