GW&K Investment Management LLC Decreases Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

GW&K Investment Management LLC reduced its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 333,698 shares of the company’s stock after selling 10,260 shares during the quarter. GW&K Investment Management LLC owned approximately 0.58% of Bright Horizons Family Solutions worth $21,056,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BFAM. Federated Hermes Inc. lifted its stake in shares of Bright Horizons Family Solutions by 124.2% during the 3rd quarter. Federated Hermes Inc. now owns 1,032,864 shares of the company’s stock worth $59,545,000 after purchasing an additional 572,129 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Bright Horizons Family Solutions by 249.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 476,170 shares of the company’s stock worth $63,183,000 after purchasing an additional 340,088 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $17,619,000. Massachusetts Financial Services Co. MA increased its position in Bright Horizons Family Solutions by 5.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,293,635 shares of the company’s stock valued at $247,528,000 after buying an additional 220,417 shares in the last quarter. Finally, Eaton Vance Management increased its position in Bright Horizons Family Solutions by 103.6% during the 1st quarter. Eaton Vance Management now owns 287,278 shares of the company’s stock valued at $38,120,000 after buying an additional 146,196 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $82.64 on Friday. The business has a fifty day moving average of $80.09 and a two-hundred day moving average of $75.55. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 70.03 and a beta of 1.22. Bright Horizons Family Solutions Inc. has a 52-week low of $54.19 and a 52-week high of $94.89.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Bright Horizons Family Solutions had a return on equity of 12.08% and a net margin of 3.28%. The business had revenue of $553.61 million during the quarter, compared to analysts’ expectations of $531.41 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 20.2% on a year-over-year basis. As a group, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.4 earnings per share for the current year.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 10,000 shares of Bright Horizons Family Solutions stock in a transaction on Monday, May 8th. The stock was sold at an average price of $90.54, for a total value of $905,400.00. Following the completion of the transaction, the director now directly owns 55,768 shares in the company, valued at $5,049,234.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Lightfoot Sara Lawrence sold 2,282 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $82.25, for a total value of $187,694.50. Following the completion of the sale, the director now directly owns 4,435 shares of the company’s stock, valued at approximately $364,778.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 10,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $90.54, for a total value of $905,400.00. Following the completion of the sale, the director now directly owns 55,768 shares of the company’s stock, valued at $5,049,234.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,762 shares of company stock worth $2,638,463. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BFAM. Robert W. Baird upped their target price on Bright Horizons Family Solutions from $68.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $94.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, February 17th. Citigroup lowered Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $95.00 to $101.00 in a research report on Friday, May 12th. TheStreet raised Bright Horizons Family Solutions from a “d+” rating to a “c-” rating in a report on Monday, January 30th. Finally, BMO Capital Markets cut their price objective on Bright Horizons Family Solutions from $84.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and a consensus target price of $78.43.

Bright Horizons Family Solutions Profile

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Bright Horizons Family Solutions, Inc engages in the provision of child care and early education, dependent care, and workforce education services. It operates through the following segments: Full-Service Center-Based Child Care, Back-Up Care Services, Educational Advisory and Other Services. The Full-Service Center-Based Child Care segment consists of traditional center-based child care and early education, preschool, and elementary education.