California State Teachers Retirement System Buys 1,353 Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM)

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California State Teachers Retirement System grew its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 1.5% during the third quarter, Holdings Channel reports. The firm owned 92,772 shares of the company’s stock after purchasing an additional 1,353 shares during the period. California State Teachers Retirement System’s holdings in Bright Horizons Family Solutions were worth $14,148,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in Bright Horizons Family Solutions by 7.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,522,558 shares of the company’s stock valued at $1,134,928,000 after buying an additional 519,883 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Bright Horizons Family Solutions by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,281,318 shares of the company’s stock valued at $796,793,000 after purchasing an additional 69,561 shares during the last quarter. BlackRock Inc. raised its stake in shares of Bright Horizons Family Solutions by 4.9% during the 2nd quarter. BlackRock Inc. now owns 3,182,061 shares of the company’s stock worth $480,078,000 after purchasing an additional 148,834 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Bright Horizons Family Solutions by 3.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,480,464 shares of the company’s stock worth $378,271,000 after purchasing an additional 88,655 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Bright Horizons Family Solutions by 4.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,326,130 shares of the company’s stock worth $198,919,000 after purchasing an additional 56,785 shares during the period. 96.50% of the stock is currently owned by institutional investors.

In related news, CEO Stephen Howard Kramer sold 3,333 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $151.47, for a total value of $504,849.51. Following the completion of the transaction, the chief executive officer now directly owns 87,292 shares in the company, valued at approximately $13,222,119.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 20,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $150.47, for a total transaction of $3,009,400.00. Following the completion of the transaction, the director now owns 122,282 shares of the company’s stock, valued at $18,399,772.54. The disclosure for this sale can be found here. Insiders sold a total of 35,263 shares of company stock worth $5,346,402 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Shares of BFAM opened at $151.97 on Tuesday. 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 1.15, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s fifty day moving average price is $148.92 and its two-hundred day moving average price is $150.49. The firm has a market cap of $8.76 billion, a PE ratio of 45.07, a PEG ratio of 4.36 and a beta of 0.27.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. Bright Horizons Family Solutions had a return on equity of 23.34% and a net margin of 8.88%. The company had revenue of $511.58 million during the quarter, compared to the consensus estimate of $514.64 million. During the same quarter in the prior year, the company earned $0.73 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc will post 3.41 earnings per share for the current fiscal year.

Several research firms recently weighed in on BFAM. Morgan Stanley began coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, October 8th. They set an “equal weight” rating and a $162.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Bright Horizons Family Solutions in a research report on Wednesday, November 27th. They issued a “buy” rating and a $177.00 price objective on the stock. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $152.00 to $166.00 in a research note on Wednesday, September 11th. ValuEngine cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus target price of $152.67.

Bright Horizons Family Solutions Company 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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