Trillium Asset Management LLC Has $31.54 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Trillium Asset Management LLC lowered its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 284,544 shares of the company’s stock after selling 8,226 shares during the quarter. Trillium Asset Management LLC’s holdings in Bright Horizons Family Solutions were worth $31,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its position in shares of Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after acquiring an additional 423,456 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock valued at $262,752,000 after acquiring an additional 532,644 shares during the last quarter. State Street Corp raised its position in shares of Bright Horizons Family Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 999,263 shares of the company’s stock valued at $140,027,000 after acquiring an additional 3,970 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock valued at $129,633,000 after acquiring an additional 7,597 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at $79,578,000.

Insider Buying and Selling

In other news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. This represents a 9.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares of the company’s stock, valued at approximately $4,170,755.81. This represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $127.19 on Wednesday. The firm has a market cap of $7.29 billion, a PE ratio of 52.99 and a beta of 1.50. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The company has a fifty day moving average price of $122.75 and a 200 day moving average price of $123.53.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results 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 return on equity of 13.63% and a net margin of 5.22%. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BFAM has been the subject of several 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 company an “outperform” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group lowered their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, December 27th. UBS Group lowered their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Jefferies Financial Group lowered their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Bright Horizons Family Solutions 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.