Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 114.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 209,091 shares of the company's stock after acquiring an additional 111,760 shares during the quarter. TimesSquare Capital Management LLC owned about 0.36% of Bright Horizons Family Solutions worth $23,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock valued at $445,761,000 after acquiring an additional 423,456 shares during the last quarter. State Street Corp grew its stake in Bright Horizons Family Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 999,263 shares of the company's stock worth $140,027,000 after buying an additional 3,970 shares during the last quarter. Geode Capital Management LLC increased its position in Bright Horizons Family Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock worth $129,633,000 after buying an additional 7,597 shares during the period. Westfield Capital Management Co. LP lifted its stake in Bright Horizons Family Solutions by 3.2% in the third quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company's stock valued at $99,126,000 after buying an additional 21,935 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its stake in Bright Horizons Family Solutions by 0.5% in the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company's stock valued at $80,631,000 after buying an additional 2,649 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded down $2.64 during trading hours on Friday, reaching $126.72. 350,327 shares of the stock were exchanged, compared to its average volume of 430,478. The stock has a market cap of $7.37 billion, a P/E ratio of 52.72 and a beta of 1.45. 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 52-week low of $100.59 and a 52-week high of $141.90. The firm's 50 day moving average is $116.58 and its 200 day moving average is $124.71.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data 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 predict that Bright Horizons Family Solutions Inc. will post 3.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.22% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BFAM shares. Baird R W upgraded shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target for the company in a research note on Friday, November 22nd. UBS Group decreased 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. The Goldman Sachs Group decreased their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a research note on Friday, December 27th. Finally, Jefferies Financial Group decreased their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of "Moderate Buy" and an average price target of $137.67.

Bright Horizons Family Solutions Company 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.