Sei Investments Co. Has $17.63 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Sei Investments Co. lowered its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,078 shares of the company’s stock after selling 7,900 shares during the quarter. Sei Investments Co. owned 0.27% of Bright Horizons Family Solutions worth $17,633,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $25,000. Atala Financial Inc bought a new position in Bright Horizons Family Solutions during the fourth quarter worth about $32,000. Tortoise Investment Management LLC grew its stake in Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock valued at $46,000 after acquiring an additional 181 shares during the period. True Wealth Design LLC bought a new stake in shares of Bright Horizons Family Solutions in the third quarter worth about $49,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after purchasing an additional 145 shares during the period.

Bright Horizons Family Solutions Trading Up 3.0 %

Shares of Bright Horizons Family Solutions stock opened at $128.91 on Friday. The stock has a market cap of $7.39 billion, a P/E ratio of 53.71 and a beta of 1.50. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The business’s 50 day moving average is $124.29 and its 200-day moving average is $123.11.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions 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 directly owns 22,757 shares in the company, 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 SEC, which is available at this hyperlink. 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. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BFAM shares. Jefferies Financial Group lowered 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. Morgan Stanley lowered their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group cut their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, December 27th. UBS Group lowered their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

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.