TimesSquare Capital Management LLC Buys 111,760 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

TimesSquare Capital Management LLC boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 114.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,091 shares of the company’s stock after purchasing an additional 111,760 shares during the period. TimesSquare Capital Management LLC’s holdings in Bright Horizons Family Solutions were worth $23,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its position in shares of 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 valued at $445,761,000 after acquiring an additional 423,456 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Bright Horizons Family Solutions by 174.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock valued at $48,260,000 after buying an additional 218,707 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $11,780,000. Conestoga Capital Advisors LLC raised its position in shares of Bright Horizons Family Solutions by 24.3% in the 4th 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 in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $7,388,000.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $130.24 on Thursday. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 54.27 and a beta of 1.45. The company has a fifty day moving average price of $116.20 and a 200-day moving average price of $124.68.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BFAM shares. Jefferies Financial Group dropped their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Robert W. Baird upgraded shares of 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 report on Friday, November 22nd. UBS Group dropped 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 research report on Friday, January 24th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Finally, BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.22% of the stock is owned by company insiders.

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.