8,124 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Acquired by Oak Thistle LLC

Oak Thistle LLC purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,124 shares of the company’s stock, valued at approximately $1,032,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares during the period. Axxcess Wealth Management LLC increased its stake in Bright Horizons Family Solutions by 4.1% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company’s stock valued at $267,000 after buying an additional 82 shares during the period. Bank of Montreal Can increased its stake in Bright Horizons Family Solutions by 3.6% in the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company’s stock valued at $323,000 after buying an additional 101 shares during the period. Parallel Advisors LLC lifted its stake in shares of Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock worth $41,000 after acquiring an additional 143 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Bright Horizons Family Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company’s stock worth $2,808,000 after acquiring an additional 150 shares during the period.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $113.35 on Thursday. The firm has a market capitalization of $6.49 billion, a PE ratio of 40.92 and a beta of 1.30. The firm’s fifty day simple moving average is $122.20 and its 200 day simple moving average is $121.96. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. Bright Horizons Family Solutions’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insiders Place Their Bets

In related news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total transaction of $122,560.00. Following the completion of the sale, the chief operating officer directly owned 29,449 shares of the company’s stock, valued at $3,609,269.44. The trade was a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $128.49, for a total transaction of $321,225.00. Following the sale, the director owned 20,257 shares of the company’s stock, valued at $2,602,821.93. The trade was a 10.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,282 shares of company stock valued at $1,848,993. 1.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BFAM has been the topic of several recent research reports. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and reduced their price target for the company from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an “underweight” rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.67.

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.