Westfield Capital Management Co. LP Has $99.13 Million Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Westfield Capital Management Co. LP grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.2% during the third quarter, Holdings Channel.com reports. The firm owned 707,383 shares of the company’s stock after acquiring an additional 21,935 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Bright Horizons Family Solutions were worth $99,126,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BFAM. Massachusetts Financial Services Co. MA increased its position in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after acquiring an additional 423,456 shares during the last quarter. Millennium Management LLC bought a new position in Bright Horizons Family Solutions in the second quarter valued at approximately $28,995,000. Point72 Asset Management L.P. increased its position in shares of Bright Horizons Family Solutions by 64.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after purchasing an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Bright Horizons Family Solutions by 174.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after purchasing an additional 218,707 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $13,639,000.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.22% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $113.08 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. 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 market cap of $6.58 billion, a price-to-earnings ratio of 56.82 and a beta of 1.49. The stock has a fifty day moving average price of $128.51 and a 200-day moving average price of $122.45.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. Bright Horizons Family Solutions’s revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Analyst Ratings Changes

BFAM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a 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 report on Tuesday, November 5th. 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. UBS Group boosted their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $137.00 to $125.00 in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and a consensus target price of $141.50.

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.