8,124 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Bought by Oak Thistle LLC

Oak Thistle LLC purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,124 shares of the company's stock, valued at approximately $1,032,000.

A number of other large investors also recently added to or reduced their stakes in BFAM. Xponance Inc. lifted its holdings in Bright Horizons Family Solutions by 10.7% in the 4th quarter. Xponance Inc. now owns 3,862 shares of the company's stock worth $428,000 after purchasing an additional 374 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Bright Horizons Family Solutions by 5.9% in the 4th quarter. Teacher Retirement System of Texas now owns 20,825 shares of the company's stock worth $2,308,000 after acquiring an additional 1,152 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Bright Horizons Family Solutions in the 4th quarter worth approximately $1,186,000. LPL Financial LLC increased its stake in Bright Horizons Family Solutions by 11.4% in the 4th quarter. LPL Financial LLC now owns 40,068 shares of the company's stock worth $4,442,000 after acquiring an additional 4,108 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Bright Horizons Family Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock worth $603,332,000 after acquiring an additional 101,151 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BFAM shares. Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their target price for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $138.67.

Bright Horizons Family Solutions Stock Up 1.4%

NYSE:BFAM traded up $1.58 during mid-day trading on Friday, hitting $114.86. 530,330 shares of the company's stock traded hands, compared to its average volume of 480,983. The company has a fifty day moving average of $121.83 and a 200 day moving average of $122.03. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90. The company has a market capitalization of $6.58 billion, a P/E ratio of 41.46 and a beta of 1.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The business had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The company's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $128.49, for a total value of $321,225.00. Following the completion of the sale, the director directly owned 20,257 shares of the company's stock, valued at approximately $2,602,821.93. The trade was a 10.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total value of $122,560.00. Following the sale, the chief operating officer directly owned 29,449 shares of the company's stock, valued at approximately $3,609,269.44. This represents a 3.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,282 shares of company stock worth $1,848,993. 1.21% of the stock is owned by 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.