Geneva Capital Management LLC Decreases Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Geneva Capital Management LLC decreased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 566,018 shares of the company's stock after selling 9,382 shares during the quarter. Geneva Capital Management LLC owned 0.97% of Bright Horizons Family Solutions worth $62,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth approximately $79,578,000. Massachusetts Financial Services Co. MA raised its position in Bright Horizons Family Solutions by 15.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock worth $445,761,000 after purchasing an additional 423,456 shares during the period. TimesSquare Capital Management LLC lifted its stake in Bright Horizons Family Solutions by 114.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 209,091 shares of the company's stock worth $23,178,000 after purchasing an additional 111,760 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in Bright Horizons Family Solutions by 24.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 294,835 shares of the company's stock valued at $32,682,000 after buying an additional 57,575 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at about $7,388,000.

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Bright Horizons Family Solutions Stock Down 2.3 %

NYSE:BFAM traded down $2.88 during mid-day trading on Monday, hitting $124.32. 472,435 shares of the company's stock were exchanged, compared to its average volume of 437,303. The company has a market cap of $7.13 billion, a PE ratio of 51.80 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick 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 business has a fifty day moving average price of $120.79 and a 200 day moving average price of $124.14.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly 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%. Equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price 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. UBS Group cut their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Morgan Stanley decreased their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. Baird R W raised shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research report on Friday, December 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of "Moderate Buy" and a consensus 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.