Westfield Capital Management Co. LP Boosts Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Westfield Capital Management Co. LP increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 707,383 shares of the company's stock after purchasing an additional 21,935 shares during the period. Westfield Capital Management Co. LP owned approximately 1.22% of Bright Horizons Family Solutions worth $99,126,000 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 the business. Raleigh Capital Management Inc. acquired a new position in Bright Horizons Family Solutions in the third quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 buying an additional 306 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after buying an additional 165 shares during the period. Finally, Quarry LP increased its holdings in Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after buying an additional 177 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.22% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BFAM. Deutsche Bank Aktiengesellschaft increased their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, August 2nd. 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 research report on Tuesday, November 5th. Barclays boosted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.50.

Bright Horizons Family Solutions Price Performance

BFAM stock traded up $2.03 during midday trading on Friday, reaching $113.08. The stock had a trading volume of 767,113 shares, compared to its average volume of 750,017. Bright Horizons Family Solutions Inc. has a 52-week low of $86.79 and a 52-week high of $141.90. 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 company's fifty day simple moving average is $128.51 and its 200 day simple moving average is $122.57. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 56.82 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period last year, the firm posted $0.78 earnings per share. The company's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

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.