Westfield Capital Management Co. LP Has $42.35 Million Position in Bright Horizons Family Solutions Inc. (BFAM)

Westfield Capital Management Co. LP boosted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 548,446 shares of the company’s stock after buying an additional 16,659 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.93% of Bright Horizons Family Solutions worth $42,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Bright Horizons Family Solutions by 3.2% during the first quarter. State Street Corp now owns 840,444 shares of the company’s stock valued at $60,918,000 after buying an additional 25,721 shares during the period. Schwab Charles Investment Management Inc. grew its position in Bright Horizons Family Solutions by 8.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 275,102 shares of the company’s stock valued at $19,943,000 after buying an additional 21,567 shares during the period. Swiss National Bank grew its position in Bright Horizons Family Solutions by 1.2% during the first quarter. Swiss National Bank now owns 73,479 shares of the company’s stock valued at $5,326,000 after buying an additional 900 shares during the period. Karp Capital Management Corp acquired a new stake in Bright Horizons Family Solutions during the first quarter valued at $332,000. Finally, Vanguard Group Inc. grew its position in Bright Horizons Family Solutions by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock valued at $252,138,000 after buying an additional 153,726 shares during the period. Institutional investors own 97.23% of the company’s stock.

In other news, Director Mary Ann Tocio sold 6,666 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total transaction of $533,879.94. Following the transaction, the director now directly owns 67,284 shares of the company’s stock, valued at approximately $5,388,775.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 29,681 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the transaction, the chief financial officer now directly owns 141,491 shares in the company, valued at $11,170,714.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,429 shares of company stock worth $4,987,519. Corporate insiders own 2.90% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Citigroup Inc. restated a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, BMO Capital Markets restated a “market perform” rating and set a $85.00 price target (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $84.17.

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Shares of Bright Horizons Family Solutions Inc. (BFAM) traded down 0.41% during mid-day trading on Friday, hitting $80.96. 200,803 shares of the stock traded hands. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $82.00. The firm’s 50 day moving average price is $79.63 and its 200 day moving average price is $76.10. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 43.20 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. The company had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. Bright Horizons Family Solutions’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, equities research analysts predict that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current fiscal year.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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