TimesSquare Capital Management LLC Acquires New Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

TimesSquare Capital Management LLC purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 97,331 shares of the company's stock, valued at approximately $13,639,000. TimesSquare Capital Management LLC owned about 0.17% of Bright Horizons Family Solutions at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BFAM. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the third quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after purchasing an additional 306 shares during the period. Daiwa Securities Group Inc. grew its holdings in Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after buying an additional 165 shares in the last quarter. Finally, Quarry LP increased its position in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company's stock worth $48,000 after acquiring an additional 177 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on BFAM. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a research report on Friday, August 2nd. The Goldman Sachs Group upped their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. UBS Group increased their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lifted their price objective on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $141.13.

Bright Horizons Family Solutions Stock Down 1.9 %

NYSE BFAM traded down $2.23 on Monday, reaching $113.91. The company had a trading volume of 728,185 shares, compared to its average volume of 373,401. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $6.61 billion, a P/E ratio of 57.24 and a beta of 1.49. The company's fifty day moving average is $133.94 and its 200 day moving average is $122.54. Bright Horizons Family Solutions Inc. has a 52-week low of $80.29 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.65% and a net margin of 4.44%. The company's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.22% of the company's stock.

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.