Conestoga Capital Advisors LLC Purchases 57,575 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Conestoga Capital Advisors LLC raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 294,835 shares of the company’s stock after buying an additional 57,575 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $32,682,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BFAM. Massachusetts Financial Services Co. MA increased its position in Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Bright Horizons Family Solutions by 174.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after buying an additional 218,707 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth approximately $13,639,000. Assenagon Asset Management S.A. purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $11,780,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth $7,388,000.

Wall Street Analysts Forecast Growth

BFAM has been the topic of a number of recent analyst reports. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Friday, November 22nd. Morgan Stanley dropped their target price on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, December 12th. Jefferies Financial Group reduced 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 report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.56.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $119.81 on Monday. The stock’s 50-day simple moving average is $114.13 and its 200-day simple moving average is $124.45. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 60.36 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a 52 week low of $94.83 and a 52 week high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

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

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the business’s 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 sale, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.