Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 45.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,183 shares of the company’s stock after buying an additional 35,959 shares during the period. New York State Common Retirement Fund owned about 0.20% of Bright Horizons Family Solutions worth $12,768,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its position in shares of Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after acquiring an additional 423,456 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at $13,639,000. Assenagon Asset Management S.A. acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $11,780,000. Conestoga Capital Advisors LLC increased its stake in Bright Horizons Family Solutions by 24.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 294,835 shares of the company’s stock worth $32,682,000 after purchasing an additional 57,575 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $7,388,000.

Insiders Place Their Bets

In related news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

BFAM opened at $125.02 on Tuesday. The stock has a fifty day moving average price of $117.24 and a 200 day moving average price of $124.54. 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 1 year low of $100.59 and a 1 year high of $141.90. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 52.09 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BFAM. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a report on Friday, November 22nd. UBS Group lowered 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 research report on Friday, January 24th. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group decreased their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given 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 a consensus target price of $137.67.

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.