Strs Ohio Sells 2,134 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Strs Ohio lowered its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,273 shares of the company’s stock after selling 2,134 shares during the quarter. Strs Ohio’s holdings in Bright Horizons Family Solutions were worth $1,062,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. NewEdge Wealth LLC lifted its holdings in shares of Bright Horizons Family Solutions by 3.3% in the fourth quarter. NewEdge Wealth LLC now owns 26,401 shares of the company’s stock worth $2,488,000 after acquiring an additional 835 shares during the last quarter. Sapient Capital LLC bought a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $470,000. International Assets Investment Management LLC bought a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $54,890,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Bright Horizons Family Solutions by 10.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,127 shares of the company’s stock valued at $1,520,000 after buying an additional 1,526 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Bright Horizons Family Solutions by 2.0% in the fourth quarter. Raymond James & Associates now owns 467,625 shares of the company’s stock valued at $44,069,000 after buying an additional 9,274 shares during the period.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction that occurred on 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 approximately $10,237,365.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction that occurred on 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 approximately $10,237,365.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of 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. In the last three months, 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 Performance

NYSE:BFAM opened at $107.59 on Wednesday. The company has a market capitalization of $6.24 billion, a PE ratio of 84.69, a P/E/G ratio of 4.02 and a beta of 1.37. The company has a 50 day simple moving average of $111.20 and a two-hundred day simple moving average of $97.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $119.21.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BFAM. UBS Group lowered their price objective 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. BMO Capital Markets upped their price objective on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group upped their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Barclays raised shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $100.00 to $125.00 in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $102.38.

Read Our Latest Report on Bright Horizons Family Solutions

About Bright Horizons Family Solutions

(Free Report)

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.

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

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