Teachers Advisors LLC Sells 23,788 Shares of Bright Horizons Family Solutions Inc. (BFAM)

Teachers Advisors LLC decreased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 29.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,350 shares of the company’s stock after selling 23,788 shares during the quarter. Teachers Advisors LLC owned approximately 0.10% of Bright Horizons Family Solutions worth $4,428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Bright Horizons Family Solutions by 3.2% during the 1st quarter. State Street Corp now owns 840,444 shares of the company’s stock worth $60,918,000 after buying an additional 25,721 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Bright Horizons Family Solutions by 8.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 275,102 shares of the company’s stock worth $19,943,000 after buying an additional 21,567 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Bright Horizons Family Solutions by 79.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,108 shares of the company’s stock worth $2,865,000 after buying an additional 16,400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Bright Horizons Family Solutions by 15.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 278,354 shares of the company’s stock worth $21,492,000 after buying an additional 37,910 shares during the period. Finally, Swiss National Bank lifted its holdings in Bright Horizons Family Solutions by 7.8% during the 2nd quarter. Swiss National Bank now owns 79,179 shares of the company’s stock worth $6,113,000 after buying an additional 5,700 shares during the period. 97.08% of the stock is currently owned by institutional investors.

In other news, CFO Elizabeth J. Boland sold 10,000 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $82.33, for a total transaction of $823,300.00. Following the completion of the sale, the chief financial officer now directly owns 150,717 shares in the company, valued at $12,408,530.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 29,681 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the sale, the chief financial officer now owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,763 shares of company stock valued at $4,920,470. 2.90% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 85.24 on Friday. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 45.49 and a beta of 0.14. Bright Horizons Family Solutions Inc. has a 52-week low of $59.00 and a 52-week high of $88.13. The stock has a 50 day moving average price of $82.28 and a 200 day moving average price of $78.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. The company had revenue of $445.55 million during the quarter, compared to analyst estimates of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. Bright Horizons Family Solutions’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current year.

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Several brokerages have commented on BFAM. BidaskClub downgraded Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Barclays PLC lifted their target price on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $92.00 target price (up from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $85.83.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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