AMI Asset Management Corp Sells 1,505 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

AMI Asset Management Corp trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,945 shares of the company’s stock after selling 1,505 shares during the quarter. AMI Asset Management Corp’s holdings in Bright Horizons Family Solutions were worth $1,394,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Bright Horizons Family Solutions by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after acquiring an additional 29,942 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Bright Horizons Family Solutions by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock valued at $337,832,000 after buying an additional 44,893 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Bright Horizons Family Solutions by 3.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock valued at $303,556,000 after buying an additional 87,256 shares during the period. Dimensional Fund Advisors LP increased its holdings in Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after buying an additional 51,024 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in Bright Horizons Family Solutions in the 1st quarter valued at about $64,735,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BFAM shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Barclays raised their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.63.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John Guy Casagrande sold 4,235 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.86, for a total transaction of $549,957.10. Following the completion of the transaction, the general counsel now owns 13,677 shares in the company, valued at $1,776,095.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,635 shares of company stock worth $3,100,340 in the last ninety days. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Trading Up 0.5 %

Shares of Bright Horizons Family Solutions stock opened at $131.42 on Wednesday. The firm has a market capitalization of $7.62 billion, a PE ratio of 92.55 and a beta of 1.48. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $136.56 and its 200 day moving average is $121.39. Bright Horizons Family Solutions Inc. has a 1 year low of $71.65 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. During the same period last year, the company earned $0.54 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

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.