Bright Horizons Family Solutions Inc. (BFAM) Position Lifted by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 548,446 shares of the company’s stock after acquiring an additional 16,659 shares during the period. Westfield Capital Management Co. LP owned 0.93% of Bright Horizons Family Solutions worth $42,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its position in shares of Bright Horizons Family Solutions by 0.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,708 shares of the company’s stock worth $1,501,000 after acquiring an additional 150 shares in the last quarter. Stephens Inc. AR raised its position in shares of Bright Horizons Family Solutions by 5.2% in the 2nd quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after acquiring an additional 225 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Bright Horizons Family Solutions by 6.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock worth $293,000 after acquiring an additional 247 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Bright Horizons Family Solutions by 1.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 29,035 shares of the company’s stock worth $2,105,000 after acquiring an additional 337 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of Bright Horizons Family Solutions by 7.9% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,644 shares of the company’s stock worth $436,000 after acquiring an additional 415 shares in the last quarter. 97.08% of the stock is owned by hedge funds and other institutional investors.

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Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded up 0.28% during mid-day trading on Friday, hitting $81.99. The stock had a trading volume of 106,426 shares. The firm has a market cap of $4.85 billion, a PE ratio of 43.75 and a beta of 0.13. Bright Horizons Family Solutions Inc. has a 52-week low of $59.00 and a 52-week high of $82.25. The firm has a 50 day moving average price of $79.76 and a 200 day moving average price of $76.37.

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

In related news, Director Mary Ann Tocio sold 6,666 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $76.11, for a total value of $507,349.26. Following the completion of the transaction, the director now owns 67,284 shares of the company’s stock, valued at approximately $5,120,985.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $79.98, for a total transaction of $79,980.00. Following the completion of the transaction, the chief operating officer now directly owns 32,266 shares of the company’s stock, valued at approximately $2,580,634.68. The disclosure for this sale can be found here. Insiders sold a total of 63,429 shares of company stock valued at $4,987,519 in the last ninety days. Company insiders own 2.90% of the company’s stock.

BFAM has been the topic of several recent analyst reports. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Friday, June 2nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $85.00 target price (up from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. BidaskClub lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. reaffirmed a “buy” rating and set a $92.00 target price (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and a consensus price target of $84.17.

Bright Horizons Family Solutions Company 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.

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

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