Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 13,202 shares of the company’s stock after buying an additional 96 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Bright Horizons Family Solutions were worth $1,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Versant Capital Management Inc purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth $25,000. True Wealth Design LLC acquired a new stake in Bright Horizons Family Solutions during the third quarter worth about $49,000. Daiwa Securities Group Inc. raised its stake in Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new position in Bright Horizons Family Solutions in the 3rd quarter valued at about $75,000. Finally, Anchor Investment Management LLC grew its stake in shares of Bright Horizons Family Solutions by 423.2% in the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after buying an additional 529 shares during the period.

Bright Horizons Family Solutions Stock Performance

BFAM opened at $128.44 on Tuesday. 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 $7.47 billion, a P/E ratio of 53.52 and a beta of 1.45. The stock’s 50 day simple moving average is $118.94 and its 200 day simple moving average is $124.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, December 27th. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued 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 an average target price of $137.67.

Bright Horizons Family Solutions 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.