Public Employees Retirement System of Ohio Sells 1,075 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Public Employees Retirement System of Ohio lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,368 shares of the company’s stock after selling 1,075 shares during the period. Public Employees Retirement System of Ohio’s holdings in Bright Horizons Family Solutions were worth $2,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BFAM. Raleigh Capital Management Inc. bought a new position in Bright Horizons Family Solutions during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after buying an additional 306 shares in the last quarter. True Wealth Design LLC acquired a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at approximately $49,000. Finally, Daiwa Securities Group Inc. lifted its stake in Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after acquiring an additional 165 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM opened at $108.39 on Tuesday. The company has a market cap of $6.31 billion, a P/E ratio of 54.47 and a beta of 1.43. The firm’s fifty day moving average price is $120.73 and its two-hundred day moving average price is $123.06. Bright Horizons Family Solutions Inc. has a one year low of $90.56 and a one year high of $141.90. 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 issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. Equities analysts expect that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current year.

Wall Street Analyst Weigh In

BFAM has been the topic of a number of recent research reports. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $137.00 to $125.00 in a report on Monday, November 18th. 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. UBS Group increased their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.75.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now owns 25,257 shares in the company, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

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.