New York State Common Retirement Fund Has $38.63 Million Position in Bright Horizons Family Solutions Inc (BFAM)

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New York State Common Retirement Fund boosted its position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 4.8% in the first quarter, Holdings Channel reports. The fund owned 303,918 shares of the company’s stock after purchasing an additional 13,936 shares during the quarter. New York State Common Retirement Fund’s holdings in Bright Horizons Family Solutions were worth $38,631,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Bright Horizons Family Solutions during the 4th quarter valued at approximately $40,423,000. Lord Abbett & CO. LLC increased its stake in Bright Horizons Family Solutions by 226.9% during the 4th quarter. Lord Abbett & CO. LLC now owns 503,466 shares of the company’s stock valued at $56,111,000 after purchasing an additional 349,470 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Bright Horizons Family Solutions by 10.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,888,688 shares of the company’s stock valued at $210,494,000 after purchasing an additional 186,139 shares in the last quarter. BlackRock Inc. increased its stake in Bright Horizons Family Solutions by 6.2% during the 4th quarter. BlackRock Inc. now owns 2,938,167 shares of the company’s stock valued at $327,460,000 after purchasing an additional 170,349 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in Bright Horizons Family Solutions by 336.7% during the 4th quarter. Fiera Capital Corp now owns 175,208 shares of the company’s stock valued at $19,527,000 after purchasing an additional 135,088 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Bank of America reiterated a “neutral” rating and issued a $123.00 price objective (up previously from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Citigroup increased their price objective on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Monday, May 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $127.00.

NYSE:BFAM opened at $136.07 on Friday. The firm has a market capitalization of $7.90 billion, a PE ratio of 44.91, a price-to-earnings-growth ratio of 3.71 and a beta of 0.33. Bright Horizons Family Solutions Inc has a 1-year low of $99.29 and a 1-year high of $135.18. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $501.76 million for the quarter, compared to analyst estimates of $497.24 million. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. Research analysts predict that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current fiscal year.

In related news, EVP Stephen I. Dreier sold 4,496 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $127.75, for a total transaction of $574,364.00. Following the sale, the executive vice president now owns 69,784 shares in the company, valued at $8,914,906. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman David H. Lissy sold 37,673 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $124.68, for a total transaction of $4,697,069.64. Following the sale, the chairman now owns 325,995 shares in the company, valued at approximately $40,645,056.60. The disclosure for this sale can be found here. Insiders sold 62,664 shares of company stock worth $7,908,112 in the last quarter. Company insiders own 1.90% of the company’s stock.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Want to see what other hedge funds are holding BFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Horizons Family Solutions Inc (NYSE:BFAM).

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

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