First Mercantile Trust Co. trimmed its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 11.4% during the 4th quarter, HoldingsChannel reports. The fund owned 9,250 shares of the company’s stock after selling 1,187 shares during the quarter. First Mercantile Trust Co.’s holdings in Bright Horizons Family Solutions were worth $869,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in Bright Horizons Family Solutions by 16.2% during the second quarter. Principal Financial Group Inc. now owns 10,205 shares of the company’s stock valued at $788,000 after acquiring an additional 1,423 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Bright Horizons Family Solutions by 39.7% during the second quarter. UBS Asset Management Americas Inc. now owns 28,722 shares of the company’s stock valued at $2,218,000 after acquiring an additional 8,155 shares during the last quarter. Vanguard Group Inc. increased its position in Bright Horizons Family Solutions by 11.8% during the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after acquiring an additional 410,335 shares during the last quarter. California Public Employees Retirement System increased its position in Bright Horizons Family Solutions by 3.9% during the second quarter. California Public Employees Retirement System now owns 81,600 shares of the company’s stock valued at $6,300,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Advisor Group Inc. increased its position in Bright Horizons Family Solutions by 213.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after acquiring an additional 1,354 shares during the last quarter. 98.63% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO David H. Lissy sold 79,112 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total transaction of $6,903,313.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Ann Tocio sold 3,600 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $93.16, for a total value of $335,376.00. Following the sale, the director now owns 64,218 shares of the company’s stock, valued at approximately $5,982,548.88. The disclosure for this sale can be found here. Insiders have sold 3,625,459 shares of company stock valued at $316,702,790 in the last quarter. 2.90% of the stock is currently owned by company insiders.

A number of brokerages have commented on BFAM. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, November 7th. Credit Suisse Group upped their price target on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 25th. Macquarie began coverage on Bright Horizons Family Solutions in a research report on Thursday, December 21st. They issued a “neutral” rating and a $95.00 price target for the company. Finally, Royal Bank of Canada upped their price target on Bright Horizons Family Solutions to $98.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Bright Horizons Family Solutions has a consensus rating of “Hold” and an average target price of $98.25.

Shares of Bright Horizons Family Solutions Inc (BFAM) opened at $93.92 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. Bright Horizons Family Solutions Inc has a 1 year low of $65.00 and a 1 year high of $98.84. The stock has a market capitalization of $5,596.38, a PE ratio of 46.73, a P/E/G ratio of 2.22 and a beta of 0.15.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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