Westfield Capital Management Co. LP Purchases 21,935 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Westfield Capital Management Co. LP boosted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 about 1.22% of Bright Horizons Family Solutions worth $99,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BFAM. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. lifted its position 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 in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of 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 purchasing an additional 165 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of 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 purchasing an additional 177 shares in the last quarter.

Analyst Upgrades and Downgrades

BFAM has been the topic of several research reports. Morgan Stanley upped their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Barclays lifted their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Bright Horizons Family Solutions Stock Up 1.8 %

Bright Horizons Family Solutions stock opened at $113.08 on Friday. Bright Horizons Family Solutions Inc. has a fifty-two week low of $86.79 and a fifty-two week 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 capitalization of $6.58 billion, a price-to-earnings ratio of 56.82 and a beta of 1.49. The company’s 50 day simple moving average is $128.51 and its 200 day simple moving average is $122.45.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly 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. 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 for the quarter, compared to analysts’ expectations of $713.16 million. During the same period last year, the firm posted $0.78 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares of the company’s stock, valued at $4,476,186.25. This represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.