Blueshift Asset Management LLC Sells 770 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Blueshift Asset Management LLC trimmed its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 25.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,292 shares of the company’s stock after selling 770 shares during the quarter. Blueshift Asset Management LLC’s holdings in Bright Horizons Family Solutions were worth $254,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in Bright Horizons Family Solutions by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after buying an additional 96 shares during the period. Accretive Wealth Partners LLC grew its stake in shares of Bright Horizons Family Solutions by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after purchasing an additional 111 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Bright Horizons Family Solutions by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock valued at $601,000 after purchasing an additional 113 shares during the period. Arizona State Retirement System raised its position in Bright Horizons Family Solutions by 0.9% during the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock worth $1,681,000 after purchasing an additional 129 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Bright Horizons Family Solutions by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock worth $655,000 after buying an additional 133 shares during the period.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions 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 completion of the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares of the company’s stock, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BFAM has been the subject of a number of analyst reports. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Friday, November 22nd. Morgan Stanley lowered their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Jefferies Financial Group reduced their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. BMO Capital Markets lifted 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. Finally, The Goldman Sachs Group cut their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, December 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $124.58 on Friday. The firm has a market capitalization of $7.14 billion, a P/E ratio of 51.91 and a beta of 1.50. The firm’s 50-day moving average price is $123.44 and its 200-day moving average price is $123.47. 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.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly 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%. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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.