New York State Common Retirement Fund Has $23.34 Million Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

New York State Common Retirement Fund boosted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 21.2% in the fourth quarter, HoldingsChannel reports. The firm owned 247,620 shares of the company’s stock after acquiring an additional 43,252 shares during the period. New York State Common Retirement Fund’s holdings in Bright Horizons Family Solutions were worth $23,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Bright Horizons Family Solutions by 102.2% in the 3rd quarter. Signaturefd LLC now owns 653 shares of the company’s stock valued at $53,000 after buying an additional 330 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at $176,000. Sfmg LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at $210,000. Xponance Inc. increased its stake in shares of Bright Horizons Family Solutions by 18.7% in the 3rd quarter. Xponance Inc. now owns 3,238 shares of the company’s stock valued at $264,000 after buying an additional 510 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $343,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $125.00 in a research note on Wednesday, February 28th. UBS Group lowered their target price on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. The Goldman Sachs Group raised their price target on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Robert W. Baird raised their price target on Bright Horizons Family Solutions from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. raised their price target on Bright Horizons Family Solutions from $93.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Hold” and an average target price of $102.38.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the transaction, the chief operating officer now owns 37,253 shares in the company, valued at $3,911,565. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,740 shares of company stock worth $1,996,191. Corporate insiders own 1.28% of the company’s stock.

Bright Horizons Family Solutions Stock Up 0.4 %

NYSE:BFAM opened at $106.71 on Friday. The stock’s fifty day simple moving average is $111.40 and its 200-day simple moving average is $97.67. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $6.18 billion, a P/E ratio of 84.02, a P/E/G ratio of 4.11 and a beta of 1.37. Bright Horizons Family Solutions Inc. has a 12-month low of $71.65 and a 12-month high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. The firm had revenue of $615.65 million for the quarter, compared to analyst estimates of $588.63 million. Bright Horizons Family Solutions had a return on equity of 12.24% and a net margin of 3.07%. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current year.

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.