California Public Employees Retirement System Has $10.21 Million Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

California Public Employees Retirement System decreased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,127 shares of the company's stock after selling 6,080 shares during the period. California Public Employees Retirement System owned about 0.16% of Bright Horizons Family Solutions worth $10,212,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. lifted its stake in shares of Bright Horizons Family Solutions by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock valued at $1,463,000 after acquiring an additional 96 shares during the last quarter. Accretive Wealth Partners LLC increased its holdings in Bright Horizons Family Solutions by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock worth $833,000 after purchasing an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Bright Horizons Family Solutions by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock valued at $601,000 after purchasing an additional 113 shares during the last quarter. Arizona State Retirement System raised its position in Bright Horizons Family Solutions by 0.9% in the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock valued at $1,681,000 after purchasing an additional 129 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Bright Horizons Family Solutions by 9.7% during the fourth quarter. AlphaQuest LLC now owns 1,881 shares of the company's stock valued at $209,000 after purchasing an additional 166 shares in the last quarter.

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Bright Horizons Family Solutions Trading Up 1.1 %

Shares of NYSE:BFAM traded up $1.33 during midday trading on Friday, reaching $117.21. The company's stock had a trading volume of 391,128 shares, compared to its average volume of 435,638. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a 50 day moving average price of $124.08 and a two-hundred day moving average price of $121.32. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 48.84 and a beta of 1.31.

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

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now directly owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BFAM has been the subject of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a report on Friday, December 27th. UBS Group dropped their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Jefferies Financial Group cut their price target 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. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $137.67.

Bright Horizons Family Solutions 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.