TD Asset Management Inc Has $35.75 Million Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

TD Asset Management Inc reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 14.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,398 shares of the company’s stock after selling 47,954 shares during the period. TD Asset Management Inc owned about 0.49% of Bright Horizons Family Solutions worth $35,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BFAM. T. Rowe Price Investment Management Inc. raised its holdings in Bright Horizons Family Solutions by 60.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company’s stock worth $549,654,000 after acquiring an additional 1,868,117 shares in the last quarter. Norges Bank bought a new stake in Bright Horizons Family Solutions during the fourth quarter worth about $71,842,000. Point72 Asset Management L.P. raised its holdings in Bright Horizons Family Solutions by 199.6% during the fourth quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company’s stock worth $74,451,000 after acquiring an additional 447,457 shares in the last quarter. Millennium Management LLC raised its holdings in Bright Horizons Family Solutions by 1,081.6% during the fourth quarter. Millennium Management LLC now owns 354,241 shares of the company’s stock worth $39,268,000 after acquiring an additional 324,262 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Bright Horizons Family Solutions by 742.8% during the fourth quarter. Deutsche Bank AG now owns 273,399 shares of the company’s stock worth $30,306,000 after acquiring an additional 240,960 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director David H. Lissy sold 6,282 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total transaction of $817,288.20. Following the sale, the director owned 69,312 shares of the company’s stock, valued at $9,017,491.20. This represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total value of $462,560.00. Following the sale, the chief financial officer directly owned 80,162 shares in the company, valued at $10,594,209.92. This represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,282 shares of company stock worth $1,848,993 in the last ninety days. 1.21% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $111.71 on Tuesday. The firm has a market cap of $6.40 billion, a P/E ratio of 40.33 and a beta of 1.30. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 1-year low of $103.75 and a 1-year high of $141.90. The business’s 50 day moving average is $121.59 and its 200-day moving average is $122.06.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.