Venturi Wealth Management LLC Has $272,000 Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Venturi Wealth Management LLC boosted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 9.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,454 shares of the company’s stock after acquiring an additional 204 shares during the period. Venturi Wealth Management LLC’s holdings in Bright Horizons Family Solutions were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BFAM. Massachusetts Financial Services Co. MA lifted its stake in Bright Horizons Family Solutions by 15.4% in 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 in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $13,639,000. Assenagon Asset Management S.A. bought a new stake in shares of Bright Horizons Family Solutions in the third quarter worth $11,780,000. Conestoga Capital Advisors LLC boosted its holdings in Bright Horizons Family Solutions by 24.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 294,835 shares of the company’s stock worth $32,682,000 after purchasing an additional 57,575 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Bright Horizons Family Solutions in the third quarter valued at $7,388,000.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This trade represents a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $129.16 on Friday. The stock has a fifty day moving average of $116.58 and a 200-day moving average of $124.71. The stock has a market capitalization of $7.51 billion, a P/E ratio of 53.82 and a beta of 1.45. 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 $100.59 and a 52 week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BFAM. 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 for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group reduced their price target on 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 decreased their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target 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.