Oppenheimer Asset Management Inc. Raises Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Oppenheimer Asset Management Inc. boosted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,473 shares of the company's stock after purchasing an additional 2,271 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Bright Horizons Family Solutions were worth $1,966,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Atala Financial Inc purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth $32,000. Parallel Advisors LLC grew its stake in Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC increased its holdings in Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the period. Tortoise Investment Management LLC raised its position in Bright Horizons Family Solutions by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after purchasing an additional 181 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after buying an additional 200 shares during the period.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded up $1.71 during trading hours on Friday, hitting $122.23. 1,009,443 shares of the company were exchanged, compared to its average volume of 467,875. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $123.82 and a 200-day moving average of $120.97. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 44.12 and a beta of 1.33.

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

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $125.36, for a total value of $125,360.00. Following the completion of the sale, the chief operating officer now owns 31,449 shares of the company's stock, valued at approximately $3,942,446.64. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.49, for a total transaction of $321,225.00. Following the sale, the director now owns 20,257 shares in the company, valued at $2,602,821.93. The trade was a 10.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,282 shares of company stock valued at $1,726,433 over the last ninety days. Corporate insiders own 1.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BFAM shares. Morgan Stanley upped their target price on shares of 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 cut shares of 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 report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.67.

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.