KBC Group NV Cuts Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

KBC Group NV trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 84,125 shares of the company’s stock after selling 9,409 shares during the period. KBC Group NV’s holdings in Bright Horizons Family Solutions were worth $9,325,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Bright Horizons Family Solutions during the fourth quarter valued at $271,000. Merit Financial Group LLC purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth about $215,000. Avanza Fonder AB bought a new position in Bright Horizons Family Solutions in the 4th quarter worth about $93,000. Park Avenue Securities LLC grew its position in Bright Horizons Family Solutions by 23.4% during the 4th quarter. Park Avenue Securities LLC now owns 3,881 shares of the company’s stock valued at $430,000 after purchasing an additional 736 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Bright Horizons Family Solutions by 17.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 98,650 shares of the company’s stock valued at $10,935,000 after purchasing an additional 14,583 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, December 12th. UBS Group decreased their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group dropped their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.56.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.22% of the stock is owned by company insiders.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $122.55 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7.13 billion, a PE ratio of 61.58 and a beta of 1.44. The firm’s 50 day moving average price is $113.66 and its 200-day moving average price is $124.37. Bright Horizons Family Solutions Inc. has a twelve month low of $94.83 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.01 EPS 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.