OFI Invest Asset Management Invests $739,000 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) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 6,900 shares of the company’s stock, valued at approximately $739,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 0.7% in the fourth 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 in the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Bright Horizons Family Solutions by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock valued at $833,000 after acquiring an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 acquiring an additional 113 shares in the last quarter. Arizona State Retirement System raised its stake in shares of 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 acquiring an additional 129 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Bright Horizons Family Solutions by 2.9% in the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after acquiring an additional 133 shares in the last quarter.

Bright Horizons Family Solutions Stock Up 0.1 %

BFAM opened at $127.52 on Monday. The business’s 50-day simple moving average is $120.79 and its 200-day simple moving average is $124.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The stock has a market capitalization of $7.31 billion, a P/E ratio of 53.13 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 13th. The company reported $0.88 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 anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BFAM shares. UBS Group reduced their price objective 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. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Friday, November 22nd. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. BMO Capital Markets raised their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. One research 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 stock. According to MarketBeat, the stock has an average 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.