Bright Horizons Family Solutions Inc. (NYSE:BFAM) Position Boosted by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 114.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 209,091 shares of the company’s stock after purchasing an additional 111,760 shares during the period. TimesSquare Capital Management LLC owned about 0.36% of Bright Horizons Family Solutions worth $23,178,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in Bright Horizons Family Solutions in the fourth quarter worth about $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $29,000. True Wealth Design LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $49,000. Capital Performance Advisors LLP acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $75,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after purchasing an additional 145 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group decreased their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of 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. Finally, BMO Capital Markets lifted 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 note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Insider Activity

In related news, Director Mary Ann Tocio sold 5,000 shares of the company’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 owns 25,257 shares of the company’s stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.22% of the stock is owned by company insiders.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $130.24 on Thursday. The company has a market capitalization of $7.58 billion, a PE ratio of 54.27 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one 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 company’s fifty day moving average price is $116.20 and its 200 day moving average price is $124.68.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. As a group, analysts expect that Bright Horizons Family Solutions Inc. will post 3.49 earnings per share for the current 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.