Thrivent Financial for Lutherans Has $2.17 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Thrivent Financial for Lutherans trimmed its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 39.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,553 shares of the company’s stock after selling 12,704 shares during the period. Thrivent Financial for Lutherans’ holdings in Bright Horizons Family Solutions were worth $2,167,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc bought a new stake in Bright Horizons Family Solutions during the 4th quarter worth about $25,000. Atala Financial Inc acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $32,000. Tortoise Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after buying an additional 181 shares during the last quarter. True Wealth Design LLC acquired a new position in Bright Horizons Family Solutions in the third quarter valued at approximately $49,000. Finally, Daiwa Securities Group Inc. boosted its stake in Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after acquiring an additional 145 shares during the last quarter.

Bright Horizons Family Solutions Stock Down 1.8 %

Shares of BFAM stock opened at $126.63 on Friday. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. 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 firm has a fifty day moving average of $124.47 and a 200-day moving average of $123.02. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 52.76 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last released 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 return on equity of 13.63% and a net margin of 5.22%. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BFAM shares. BMO Capital Markets raised their price target on 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. UBS Group reduced their target price on 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. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. The Goldman Sachs Group reduced 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 note on Friday, December 27th. Finally, Jefferies Financial Group lowered their target price 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.67.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions 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 sale, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now owns 22,757 shares of the company’s stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Company 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.