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

Strs Ohio decreased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BFAM. Signaturefd LLC lifted its position in Bright Horizons Family Solutions by 102.2% in the 3rd quarter. Signaturefd LLC now owns 653 shares of the company’s stock worth $53,000 after buying an additional 330 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bright Horizons Family Solutions in the 4th quarter worth approximately $176,000. Xponance Inc. lifted its position in Bright Horizons Family Solutions by 18.7% in the 3rd quarter. Xponance Inc. now owns 3,238 shares of the company’s stock worth $264,000 after buying an additional 510 shares during the last quarter. Avior Wealth Management LLC lifted its position in Bright Horizons Family Solutions by 17.7% in the 3rd quarter. Avior Wealth Management LLC now owns 4,178 shares of the company’s stock worth $340,000 after buying an additional 629 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $343,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on BFAM shares. JPMorgan Chase & Co. boosted their target price 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. Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $100.00 to $125.00 in a research note on Wednesday, February 28th. UBS Group decreased their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. The Goldman Sachs Group lifted their price target on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, BMO Capital Markets lifted their price target on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. Two investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $102.38.

Insider Activity

In other news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s 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 of the company’s stock, valued at $10,237,365.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Mary Lou Burke sold 1,500 shares of the company’s 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 sale, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at $3,911,565. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 15,640 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,740 shares of company stock valued at $1,996,191. Company insiders own 1.28% of the company’s stock.

Bright Horizons Family Solutions Price Performance

BFAM opened at $107.59 on Wednesday. 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 52-week low of $71.65 and a 52-week high of $119.21. The stock has a market capitalization of $6.24 billion, a PE ratio of 84.69, a price-to-earnings-growth ratio of 4.02 and a beta of 1.37. The stock’s 50 day moving average price is $111.20 and its 200-day moving average price is $97.36.

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