OFI Invest Asset Management Purchases New Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

OFI Invest Asset Management purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,900 shares of the company's stock, valued at approximately $739,000.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock worth $445,761,000 after buying an additional 423,456 shares during the last quarter. State Street Corp boosted its stake in Bright Horizons Family Solutions by 0.4% during the third quarter. State Street Corp now owns 999,263 shares of the company's stock worth $140,027,000 after buying an additional 3,970 shares during the last quarter. Geode Capital Management LLC boosted its stake in Bright Horizons Family Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock worth $129,633,000 after buying an additional 7,597 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth $79,578,000. Finally, Westfield Capital Management Co. LP boosted its stake in Bright Horizons Family Solutions by 3.2% during the third quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company's stock worth $99,126,000 after buying an additional 21,935 shares during the last quarter.

Bright Horizons Family Solutions Trading Down 1.3 %

BFAM traded down $1.64 during mid-day trading on Thursday, hitting $123.39. 352,480 shares of the stock were exchanged, compared to its average volume of 433,530. The firm's fifty day moving average is $121.58 and its two-hundred day moving average is $123.97. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.08 billion, a PE ratio of 51.41 and a beta of 1.50.

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Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) 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%. Equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares in the company, valued at $2,838,708.18. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BFAM shares. Baird R W raised Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. The Goldman Sachs Group decreased their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research note on Friday, December 27th. Jefferies Financial Group decreased their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. UBS Group decreased their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $137.67.

About Bright Horizons Family Solutions

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.