Amundi Sells 5,469 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Amundi lessened its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,643 shares of the company’s stock after selling 5,469 shares during the period. Amundi owned about 0.07% of Bright Horizons Family Solutions worth $4,462,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $25,000. True Wealth Design LLC bought a new stake in Bright Horizons Family Solutions in the 3rd quarter worth $49,000. Daiwa Securities Group Inc. increased its position in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after acquiring an additional 145 shares during the period. Anchor Investment Management LLC raised its stake in shares of 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 acquiring an additional 529 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth about $93,000.

Insiders Place Their Bets

In related news, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 owns 22,757 shares of the company’s stock, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the transaction, the chief operating officer now directly owns 33,449 shares in the company, 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.

Bright Horizons Family Solutions Trading Up 2.5 %

Shares of NYSE BFAM opened at $126.51 on Friday. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a 50-day moving average of $122.12 and a 200 day moving average of $123.79. The stock has a market cap of $7.26 billion, a P/E ratio of 52.71 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research report on Friday, November 22nd. Morgan Stanley decreased their target price on 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. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. 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, The Goldman Sachs Group cut their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

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.