Avantax Advisory Services Inc. Has $960,000 Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Avantax Advisory Services Inc. trimmed its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,662 shares of the company’s stock after selling 142 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Bright Horizons Family Solutions were worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in BFAM. CIBC Asset Management Inc acquired a new stake in Bright Horizons Family Solutions in the third quarter valued at approximately $234,000. Claro Advisors LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $275,000. Thrivent Financial for Lutherans bought a new stake in Bright Horizons Family Solutions in the third quarter worth $4,520,000. Pathstone Holdings LLC increased its position in Bright Horizons Family Solutions by 4.6% during the third quarter. Pathstone Holdings LLC now owns 28,766 shares of the company’s stock worth $4,031,000 after buying an additional 1,274 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Bright Horizons Family Solutions during the third quarter valued at about $268,000.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $128.69 on Thursday. 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 firm’s 50-day moving average is $123.01 and its 200-day moving average is $123.57. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 53.62 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly 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 net margin of 5.22% and a return on equity of 13.63%. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. The Goldman Sachs Group decreased 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 note on Friday, December 27th. Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. UBS Group dropped their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and a consensus price target of $137.67.

Insider Activity at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now directly owns 33,449 shares of the company’s stock, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

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.