Segall Bryant & Hamill LLC Sells 3,049 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Segall Bryant & Hamill LLC trimmed its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,964 shares of the company’s stock after selling 3,049 shares during the period. Segall Bryant & Hamill LLC owned about 0.13% of Bright Horizons Family Solutions worth $10,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Bright Horizons Family Solutions by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after buying an additional 29,942 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Bright Horizons Family Solutions by 1.5% in the second 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 last quarter. Massachusetts Financial Services Co. MA boosted its position in Bright Horizons Family Solutions by 3.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after purchasing an additional 87,256 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after buying an additional 51,024 shares during the period. Finally, Geneva Capital Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 0.5% during the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after acquiring an additional 2,649 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $110.82 on Friday. The business’s 50 day moving average price is $129.65 and its two-hundred day moving average price is $122.54. The firm has a market cap of $6.45 billion, a PE ratio of 55.69 and a beta of 1.49. 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 52-week low of $86.79 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BFAM shares. Barclays upped their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Robert W. Baird boosted their price target on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley increased their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $141.50.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.22% of the company’s stock.

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.