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

Oppenheimer Asset Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,202 shares of the company’s stock after acquiring an additional 96 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Bright Horizons Family Solutions were worth $1,463,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC grew its position in Bright Horizons Family Solutions by 63.0% during the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock worth $4,075,000 after purchasing an additional 11,236 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock worth $787,000 after buying an additional 2,739 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock valued at $12,768,000 after buying an additional 35,959 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Bright Horizons Family Solutions by 560.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock valued at $1,286,000 after acquiring an additional 7,789 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Bright Horizons Family Solutions by 15.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after acquiring an additional 423,456 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $128.44 on Tuesday. The firm has a market cap of $7.47 billion, a PE ratio of 53.52 and a beta of 1.45. The business has a 50-day moving average price of $118.94 and a 200 day moving average price of $124.39. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a report on Friday, November 22nd. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group dropped their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.67.

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.