Conestoga Capital Advisors LLC Raises Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Conestoga Capital Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,835 shares of the company's stock after purchasing an additional 57,575 shares during the period. Conestoga Capital Advisors LLC owned approximately 0.51% of Bright Horizons Family Solutions worth $32,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BFAM. Berry Wealth Group LP lifted its holdings in shares of Bright Horizons Family Solutions by 11.4% in the 4th quarter. Berry Wealth Group LP now owns 2,374 shares of the company's stock valued at $263,000 after buying an additional 242 shares during the period. SG Americas Securities LLC purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at approximately $271,000. Merit Financial Group LLC acquired a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $215,000. Avanza Fonder AB purchased a new stake in Bright Horizons Family Solutions during the fourth quarter worth $93,000. Finally, Park Avenue Securities LLC grew its position in Bright Horizons Family Solutions by 23.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,881 shares of the company's stock valued at $430,000 after buying an additional 736 shares during the period.

Bright Horizons Family Solutions Trading Down 1.1 %

Bright Horizons Family Solutions stock traded down $1.32 during midday trading on Wednesday, hitting $120.45. 533,092 shares of the stock were exchanged, compared to its average volume of 384,269. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock's 50-day simple moving average is $114.40 and its 200 day simple moving average is $124.50. Bright Horizons Family Solutions Inc. has a fifty-two week low of $94.83 and a fifty-two week high of $141.90. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 60.53 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same quarter last year, the firm earned $0.78 EPS. The business's revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BFAM shares. Baird R W upgraded Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an "underweight" rating for the company in a research report on Thursday, December 12th. The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a report on Friday, December 27th. Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a research note on Friday, November 22nd. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and reduced their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $135.56.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares of the company's stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.22% of the company's stock.

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.