Oppenheimer Asset Management Inc. Buys 1,912 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Oppenheimer Asset Management Inc. grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,938 shares of the company’s stock after acquiring an additional 1,912 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Bright Horizons Family Solutions were worth $1,644,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Securities Inc. bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $38,000. Teacher Retirement System of Texas raised its holdings in shares of Bright Horizons Family Solutions by 13.4% in the fourth quarter. Teacher Retirement System of Texas now owns 8,096 shares of the company’s stock valued at $763,000 after acquiring an additional 958 shares in the last quarter. Jump Financial LLC lifted its stake in Bright Horizons Family Solutions by 13.2% in the fourth quarter. Jump Financial LLC now owns 3,517 shares of the company’s stock worth $331,000 after acquiring an additional 410 shares during the period. Dimensional Fund Advisors LP grew its holdings in Bright Horizons Family Solutions by 18.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 708,527 shares of the company’s stock worth $66,775,000 after acquiring an additional 109,548 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Bright Horizons Family Solutions by 77.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,998 shares of the company’s stock valued at $565,000 after purchasing an additional 2,615 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BFAM. Barclays upped their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their target price on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Robert W. Baird lifted their price target on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $129.25.

Bright Horizons Family Solutions Stock Down 1.2 %

BFAM stock opened at $136.59 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions Inc. has a 52 week low of $71.65 and a 52 week high of $141.90. The stock has a market capitalization of $7.92 billion, a PE ratio of 96.19 and a beta of 1.48. The firm has a 50 day moving average of $130.83 and a 200 day moving average of $116.99.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.15. The business had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $110.20, for a total value of $88,160.00. Following the completion of the transaction, the chief operating officer now directly owns 36,925 shares in the company, valued at approximately $4,069,135. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $110.20, for a total value of $88,160.00. Following the completion of the transaction, the chief operating officer now owns 36,925 shares in the company, valued at approximately $4,069,135. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the transaction, the director now directly owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. The disclosure for this sale can be found here. Insiders have sold 24,635 shares of company stock valued at $3,198,948 in the last 90 days. 1.22% of the stock is currently owned by company insiders.

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.