Oppenheimer & Co. Inc. Invests $498,000 in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Oppenheimer & Co. Inc. purchased a new stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,306 shares of the company’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 553,845 shares of the company’s stock worth $61,726,000 after purchasing an additional 35,657 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at about $328,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Bright Horizons Family Solutions by 4.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 64,032 shares of the company’s stock valued at $8,139,000 after acquiring an additional 2,680 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Bright Horizons Family Solutions by 29.1% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 29,202 shares of the company’s stock valued at $3,712,000 after acquiring an additional 6,591 shares in the last quarter. Finally, Svenska Handelsbanken AB publ boosted its position in shares of Bright Horizons Family Solutions by 17.6% during the 1st quarter. Svenska Handelsbanken AB publ now owns 18,700 shares of the company’s stock valued at $2,377,000 after acquiring an additional 2,800 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

In other Bright Horizons Family Solutions news, Director Roger H. Brown sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $146.84, for a total transaction of $293,680.00. Following the completion of the sale, the director now directly owns 6,192 shares in the company, valued at $909,233.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary Ann Tocio sold 20,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $154.06, for a total transaction of $3,081,200.00. Following the sale, the director now owns 82,282 shares of the company’s stock, valued at $12,676,364.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,994 shares of company stock valued at $10,502,539. Company insiders own 1.90% of the company’s stock.

NYSE BFAM traded up $1.58 during trading hours on Wednesday, reaching $151.60. 14,906 shares of the stock traded hands, compared to its average volume of 237,538. The stock has a 50 day simple moving average of $158.74 and a two-hundred day simple moving average of $140.67. Bright Horizons Family Solutions Inc has a 1 year low of $105.15 and a 1 year high of $168.28. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 4.62 and a beta of 0.29.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. Bright Horizons Family Solutions had a return on equity of 23.29% and a net margin of 8.67%. The firm had revenue of $528.06 million during the quarter, compared to analyst estimates of $531.13 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Bright Horizons Family Solutions Inc will post 3.4 EPS for the current fiscal year.

BFAM has been the subject of several recent analyst reports. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $152.00 to $166.00 in a report on Wednesday. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Wednesday, August 7th. ValuEngine lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $136.57.

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

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