6,900 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by OFI Invest Asset Management

OFI Invest Asset Management purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,900 shares of the company’s stock, valued at approximately $739,000.

A number of other large investors also recently bought and sold shares of BFAM. Graypoint LLC acquired a new position in Bright Horizons Family Solutions in the 3rd quarter worth about $299,000. Capital Performance Advisors LLP acquired a new position in Bright Horizons Family Solutions in the 3rd quarter worth about $75,000. Atria Investments Inc raised its holdings in Bright Horizons Family Solutions by 1.4% in the 3rd quarter. Atria Investments Inc now owns 21,126 shares of the company’s stock worth $2,960,000 after purchasing an additional 293 shares during the period. Carr Financial Group Corp acquired a new position in Bright Horizons Family Solutions in the 3rd quarter worth about $204,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $13,639,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a report on Friday, November 22nd. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Finally, Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $127.52 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The business has a 50 day simple moving average of $120.79 and a 200-day simple moving average of $124.23. The firm has a market capitalization of $7.31 billion, a PE ratio of 53.13 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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.