Global Alpha Capital Management Ltd. Acquires 815 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Global Alpha Capital Management Ltd. lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,030 shares of the company’s stock after acquiring an additional 815 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Bright Horizons Family Solutions were worth $1,666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BFAM. Y Intercept Hong Kong Ltd boosted its holdings in Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock worth $787,000 after purchasing an additional 2,739 shares during the last quarter. Cerity Partners LLC boosted its holdings in Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock worth $4,075,000 after purchasing an additional 11,236 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock worth $12,768,000 after purchasing an additional 35,959 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Bright Horizons Family Solutions by 560.0% during the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock worth $1,286,000 after purchasing an additional 7,789 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on BFAM shares. 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 report on Friday, November 22nd. Morgan Stanley cut their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. 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 note on Tuesday, February 18th. Finally, Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $127.52 on Friday. The stock has a market capitalization of $7.42 billion, a P/E ratio of 53.13 and a beta of 1.45. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $120.45 and its 200 day moving average is $124.35. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results 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%. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.