New York State Common Retirement Fund Has $12.77 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

New York State Common Retirement Fund grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 45.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,183 shares of the company's stock after purchasing an additional 35,959 shares during the quarter. New York State Common Retirement Fund owned approximately 0.20% of Bright Horizons Family Solutions worth $12,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cerity Partners LLC boosted its holdings in shares of Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock worth $4,075,000 after acquiring an additional 11,236 shares during the period. BNP Paribas Financial Markets boosted its stake in 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 purchasing an additional 7,789 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 valued at $445,761,000 after buying an additional 423,456 shares in the last quarter. Graphene Investments SAS increased its position in Bright Horizons Family Solutions by 25.7% during the 4th quarter. Graphene Investments SAS now owns 27,900 shares of the company's stock worth $3,093,000 after buying an additional 5,700 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Bright Horizons Family Solutions by 19.7% during the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company's stock worth $30,669,000 after buying an additional 35,971 shares in the last quarter.

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Insider Activity

In related news, Director Mary Ann Tocio sold 5,000 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Trading Up 2.1 %

NYSE BFAM traded up $2.64 on Friday, reaching $129.63. The company had a trading volume of 876,561 shares, compared to its average volume of 434,493. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 54.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The business has a 50 day moving average of $118.51 and a two-hundred day moving average of $124.55.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. UBS Group cut their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Baird R W upgraded Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and an average target price 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.