Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 8,533 shares of the company’s stock after selling 129 shares during the period. Avantax Advisory Services Inc.’s holdings in Bright Horizons Family Solutions were worth $1,084,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BFAM. Larson Financial Group LLC raised its holdings in Bright Horizons Family Solutions by 62.2% in the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock valued at $26,000 after acquiring an additional 79 shares during the last quarter. Parallel Advisors LLC raised its holdings in Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock valued at $41,000 after acquiring an additional 143 shares during the last quarter. Global Financial Private Client LLC raised its holdings in Bright Horizons Family Solutions by 244.2% in the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the last quarter. HM Payson & Co. acquired a new position in Bright Horizons Family Solutions in the 1st quarter valued at $50,000. Finally, GAMMA Investing LLC increased its holdings in shares of Bright Horizons Family Solutions by 72.7% during the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after buying an additional 200 shares during the last quarter.

Bright Horizons Family Solutions Stock Up 10.6%

Shares of NYSE BFAM opened at $125.09 on Friday. Bright Horizons Family Solutions Inc. has a 12-month low of $103.75 and a 12-month high of $141.90. The company has a market cap of $7.16 billion, a P/E ratio of 41.01 and a beta of 1.34. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $120.82 and a 200 day moving average price of $122.00.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.31% and a net margin of 6.34%. The firm had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. During the same period in the prior year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. Research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, July 28th. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $128.49, for a total value of $321,225.00. Following the completion of the transaction, the director directly owned 20,257 shares of the company’s stock, valued at $2,602,821.93. This represents a 10.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total transaction of $122,560.00. Following the completion of the transaction, the chief operating officer directly owned 29,449 shares of the company’s stock, valued at approximately $3,609,269.44. The trade was a 3.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,282 shares of company stock valued at $1,723,633 in the last 90 days. 1.21% of the stock is currently owned by company insiders.

About Bright Horizons Family Solutions

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.