New York State Common Retirement Fund Acquires 43,252 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

New York State Common Retirement Fund boosted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,620 shares of the company's stock after purchasing an additional 43,252 shares during the period. New York State Common Retirement Fund owned approximately 0.43% of Bright Horizons Family Solutions worth $23,336,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BFAM. Signaturefd LLC increased its position in shares of Bright Horizons Family Solutions by 102.2% in the third quarter. Signaturefd LLC now owns 653 shares of the company's stock worth $53,000 after acquiring an additional 330 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth $176,000. Sfmg LLC acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth $210,000. Xponance Inc. increased its position in shares of Bright Horizons Family Solutions by 18.7% in the third quarter. Xponance Inc. now owns 3,238 shares of the company's stock worth $264,000 after acquiring an additional 510 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter worth $343,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Bright Horizons Family Solutions from $94.00 to $105.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. StockNews.com lowered shares of Bright Horizons Family Solutions from a "hold" rating to a "sell" rating in a report on Wednesday, February 21st. The Goldman Sachs Group raised their price target on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, April 10th. Barclays raised shares of Bright Horizons Family Solutions from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. Finally, UBS Group lowered their price target on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a "neutral" rating for the company in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Hold" and a consensus price target of $102.38.

Insider Transactions at Bright Horizons Family Solutions

In other news, CFO Elizabeth J. Boland sold 15,640 shares of the firm's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Mary Lou Burke sold 1,500 shares of the firm's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the transaction, the chief operating officer now directly owns 37,253 shares in the company, valued at approximately $3,911,565. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the transaction, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,740 shares of company stock worth $1,996,191. 1.28% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Stock Up 0.4 %

NYSE BFAM traded up $0.40 during trading hours on Friday, reaching $106.68. 155,361 shares of the company traded hands, compared to its average volume of 215,112. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $119.21. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $6.18 billion, a PE ratio of 84.00, a PEG ratio of 4.09 and a beta of 1.37. The company has a 50 day moving average of $111.31 and a two-hundred day moving average of $97.84.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. The firm had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current year.

Bright Horizons Family Solutions 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.