Bright Horizons Family Solutions Inc. (NYSE:BFAM) Position Decreased by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,168 shares of the company’s stock after selling 466 shares during the period. TD Private Client Wealth LLC’s holdings in Bright Horizons Family Solutions were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Northwest & Ethical Investments L.P. boosted its position in shares of Bright Horizons Family Solutions by 9.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 16,364 shares of the company’s stock valued at $1,814,000 after purchasing an additional 1,364 shares in the last quarter. Magnetar Financial LLC boosted its holdings in shares of Bright Horizons Family Solutions by 102.3% in the fourth quarter. Magnetar Financial LLC now owns 29,656 shares of the company’s stock worth $3,287,000 after buying an additional 14,999 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Bright Horizons Family Solutions by 5.9% in the fourth quarter. Teacher Retirement System of Texas now owns 20,825 shares of the company’s stock worth $2,308,000 after buying an additional 1,152 shares during the period. Xponance Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 10.7% in the fourth quarter. Xponance Inc. now owns 3,862 shares of the company’s stock worth $428,000 after buying an additional 374 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 29.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock worth $262,752,000 after buying an additional 532,644 shares during the period.

Bright Horizons Family Solutions Stock Performance

BFAM stock opened at $124.58 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $7.14 billion, a P/E ratio of 51.91 and a beta of 1.50. The firm has a 50 day simple moving average of $123.44 and a 200 day simple moving average of $123.36. 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 posted its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling 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 that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the sale, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the sale, the chief operating officer now owns 33,449 shares of the company’s stock, valued at $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. Corporate insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BFAM. The Goldman Sachs Group decreased their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. Jefferies Financial Group decreased their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Morgan Stanley decreased their target price 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. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Finally, BMO Capital Markets increased their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

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.