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

Avantax Advisory Services Inc. lessened its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,662 shares of the company’s stock after selling 142 shares during the period. Avantax Advisory Services Inc.’s holdings in Bright Horizons Family Solutions were worth $960,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $25,000. Tortoise Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after acquiring an additional 181 shares in the last quarter. True Wealth Design LLC bought a new stake in Bright Horizons Family Solutions during the 3rd quarter worth approximately $49,000. Daiwa Securities Group Inc. increased its holdings in Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after purchasing an additional 145 shares in the last quarter. Finally, Anchor Investment Management LLC raised its position in Bright Horizons Family Solutions by 423.2% in the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after purchasing an additional 529 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 1.2 %

Shares of NYSE BFAM opened at $128.69 on Thursday. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 53.62 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. The company’s fifty day moving average is $123.01 and its 200-day moving average is $123.57.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

BFAM has been the topic of several research analyst reports. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Friday, November 22nd. UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Insider Activity

In other Bright Horizons Family Solutions 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 value of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares of the company’s stock, valued at $4,170,755.81. This represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is 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.