Oak Thistle LLC Invests $249,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Oak Thistle LLC purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 1st quarter, HoldingsChannel reports. The fund purchased 2,199 shares of the company’s stock, valued at approximately $249,000.

Several other large investors have also recently modified their holdings of BFAM. Treasurer of the State of North Carolina raised its position in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock worth $2,054,000 after buying an additional 130 shares during the last quarter. Riverview Trust Co purchased a new position in Bright Horizons Family Solutions in the 1st quarter worth about $25,000. Natixis Advisors L.P. raised its position in Bright Horizons Family Solutions by 0.9% in the 3rd quarter. Natixis Advisors L.P. now owns 23,264 shares of the company’s stock worth $1,895,000 after buying an additional 218 shares during the last quarter. Truist Financial Corp raised its position in Bright Horizons Family Solutions by 0.3% in the 4th quarter. Truist Financial Corp now owns 90,399 shares of the company’s stock worth $8,519,000 after buying an additional 227 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in Bright Horizons Family Solutions by 6.2% in the 4th quarter. Avior Wealth Management LLC now owns 4,439 shares of the company’s stock worth $418,000 after buying an additional 261 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Robert W. Baird boosted their price target on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $107.43.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $106.42, for a total value of $85,136.00. Following the transaction, the chief operating officer now directly owns 37,725 shares of the company’s stock, valued at approximately $4,014,694.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $106.42, for a total value of $85,136.00. Following the transaction, the chief operating officer now directly owns 37,725 shares of the company’s stock, valued at approximately $4,014,694.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen Howard Kramer sold 11,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total value of $1,281,937.50. Following the completion of the transaction, the chief executive officer now directly owns 122,573 shares in the company, valued at $13,967,193.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,647 shares of company stock valued at $2,978,550. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $1.33 during mid-day trading on Monday, reaching $108.75. 298,652 shares of the company traded hands, compared to its average volume of 344,233. The company’s 50 day moving average price is $107.70 and its 200-day moving average price is $105.72. The firm has a market cap of $6.31 billion, a PE ratio of 76.59, a PEG ratio of 4.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.51 and a quick ratio of 0.51. Bright Horizons Family Solutions Inc. has a 52 week low of $71.65 and a 52 week high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The company had revenue of $622.71 million during the quarter, compared to the consensus estimate of $614.60 million. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. On average, equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.76 EPS for the current fiscal year.

About Bright Horizons Family Solutions

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.