TimesSquare Capital Management LLC Sells 38,941 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

TimesSquare Capital Management LLC trimmed its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 18.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,150 shares of the company's stock after selling 38,941 shares during the quarter. TimesSquare Capital Management LLC owned about 0.30% of Bright Horizons Family Solutions worth $21,616,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BFAM. Atala Financial Inc acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $32,000. Parallel Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after buying an additional 143 shares during the last quarter. Global Financial Private Client LLC grew its holdings in shares of Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after buying an additional 232 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Bright Horizons Family Solutions during the first quarter valued at about $50,000. Finally, GAMMA Investing LLC grew its holdings in shares of Bright Horizons Family Solutions by 72.7% during the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after buying an additional 200 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

BFAM stock traded down $1.50 during mid-day trading on Tuesday, hitting $113.82. The company had a trading volume of 297,180 shares, compared to its average volume of 474,899. The firm has a market cap of $6.52 billion, a PE ratio of 41.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.90. The stock's fifty day moving average price is $123.10 and its two-hundred day moving average price is $121.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. The business had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total value of $122,560.00. Following the completion of the transaction, the chief operating officer owned 29,449 shares of the company's stock, valued at $3,609,269.44. The trade was a 3.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $128.49, for a total transaction of $321,225.00. Following the completion of the transaction, the director directly owned 20,257 shares of the company's stock, valued at approximately $2,602,821.93. This represents a 10.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,282 shares of company stock worth $1,848,993 in the last three months. Insiders own 1.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price target for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $138.67.

Bright Horizons Family Solutions 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.