Price T Rowe Associates Inc. MD Has $42.04 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Price T Rowe Associates Inc. MD lowered its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 80.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 379,259 shares of the company’s stock after selling 1,603,453 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Bright Horizons Family Solutions were worth $42,042,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $25,000. Atala Financial Inc acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at approximately $32,000. Tortoise Investment Management LLC boosted its stake in Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after acquiring an additional 181 shares during the last quarter. Anchor Investment Management LLC grew its holdings in Bright Horizons Family Solutions by 423.2% during the third quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after purchasing an additional 529 shares during the period. Finally, Avanza Fonder AB bought a new stake in Bright Horizons Family Solutions in the fourth quarter valued at approximately $93,000.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $123.38 on Wednesday. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 51.41 and a beta of 1.31. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The firm has a fifty day simple moving average of $122.76 and a 200 day simple moving average of $119.77. 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 (NYSE:BFAM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.88 EPS 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 forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Jefferies Financial Group decreased their target price on 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. UBS Group cut their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Morgan Stanley lowered their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. Finally, StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the transaction, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s 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 sale, the director now directly owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Company 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.