Baldwin Wealth Partners LLC MA Decreases Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Baldwin Wealth Partners LLC MA lowered its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,888 shares of the company’s stock after selling 130 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Bright Horizons Family Solutions were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BFAM. Renaissance Technologies LLC purchased a new position in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $1,299,000. Hsbc Holdings PLC boosted its stake in Bright Horizons Family Solutions by 103.7% during the second quarter. Hsbc Holdings PLC now owns 7,713 shares of the company’s stock worth $847,000 after buying an additional 3,926 shares during the period. Squarepoint Ops LLC boosted its stake in Bright Horizons Family Solutions by 51.3% during the second quarter. Squarepoint Ops LLC now owns 16,821 shares of the company’s stock worth $1,852,000 after buying an additional 5,706 shares during the period. Millennium Management LLC bought a new position in Bright Horizons Family Solutions during the second quarter valued at $28,995,000. Finally, Algert Global LLC raised its stake in shares of Bright Horizons Family Solutions by 139.7% in the second quarter. Algert Global LLC now owns 39,961 shares of the company’s stock valued at $4,399,000 after acquiring an additional 23,291 shares during the period.

Insider Activity

In related news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.22% of the company’s stock.

Wall Street Analysts Forecast Growth

BFAM has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of 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. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their target price for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. StockNews.com cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $135.56.

Bright Horizons Family Solutions Price Performance

BFAM opened at $120.03 on Tuesday. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 60.32 and a beta of 1.44. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 12-month low of $94.83 and a 12-month high of $141.90. The business’s fifty day simple moving average is $113.12 and its 200-day simple moving average is $124.33.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

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.