California State Teachers Retirement System Has $8.77 Million Position in Bright Horizons Family Solutions Inc (BFAM)

California State Teachers Retirement System increased its position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 3.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,974 shares of the company’s stock after buying an additional 2,886 shares during the period. California State Teachers Retirement System owned 0.15% of Bright Horizons Family Solutions worth $8,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BFAM. SG Americas Securities LLC bought a new stake in Bright Horizons Family Solutions in the first quarter valued at $102,000. American International Group Inc. bought a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $120,000. Quantbot Technologies LP increased its stake in Bright Horizons Family Solutions by 243.6% in the first quarter. Quantbot Technologies LP now owns 1,412 shares of the company’s stock valued at $140,000 after purchasing an additional 1,001 shares in the last quarter. We Are One Seven LLC bought a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $167,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Bright Horizons Family Solutions by 61.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,953 shares of the company’s stock valued at $195,000 after purchasing an additional 742 shares in the last quarter. 98.48% of the stock is owned by institutional investors and hedge funds.

In related news, CAO Mandy Berman sold 500 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $99.66, for a total transaction of $49,830.00. Following the transaction, the chief accounting officer now directly owns 20,880 shares in the company, valued at $2,080,900.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,100 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $97.78, for a total transaction of $107,558.00. Following the transaction, the chief operating officer now owns 30,946 shares in the company, valued at $3,025,899.88. The disclosure for this sale can be found here. Insiders have sold 46,034 shares of company stock valued at $4,667,135 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Several research firms have weighed in on BFAM. BMO Capital Markets decreased their price target on shares of Bright Horizons Family Solutions from $107.00 to $105.00 and set a “market perform” rating for the company in a research note on Tuesday, May 1st. Bank of America lifted their price target on shares of Bright Horizons Family Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 1st. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Tuesday, March 20th. Citigroup lifted their price target on shares of Bright Horizons Family Solutions from $107.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Finally, Goldman Sachs Group began coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, March 27th. They set a “neutral” rating and a $104.00 price objective for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and an average target price of $103.73.

Shares of NYSE BFAM opened at $102.03 on Friday. The stock has a market cap of $5.93 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 2.31 and a beta of 0.08. Bright Horizons Family Solutions Inc has a 1 year low of $75.65 and a 1 year high of $108.40. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.42.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $463.66 million during the quarter, compared to analysts’ expectations of $461.15 million. Bright Horizons Family Solutions had a net margin of 8.58% and a return on equity of 21.28%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. research analysts anticipate that Bright Horizons Family Solutions Inc will post 2.96 EPS for the current fiscal year.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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