Geneva Capital Management LLC Cuts Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Geneva Capital Management LLC cut its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 566,018 shares of the company’s stock after selling 9,382 shares during the quarter. Geneva Capital Management LLC’s holdings in Bright Horizons Family Solutions were worth $62,743,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BFAM. Versant Capital Management Inc purchased a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $25,000. True Wealth Design LLC purchased a new position in Bright Horizons Family Solutions in the third quarter valued at about $49,000. Capital Performance Advisors LLP purchased a new position in Bright Horizons Family Solutions in the third quarter valued at about $75,000. Daiwa Securities Group Inc. raised its position in Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after purchasing an additional 145 shares during the period. Finally, Anchor Investment Management LLC raised its position in Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after purchasing an additional 529 shares during the period.

Bright Horizons Family Solutions Stock Up 1.3 %

NYSE:BFAM opened at $130.32 on Thursday. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 54.30 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The stock has a 50-day simple moving average of $119.71 and a 200 day simple moving average of $124.29. 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 (NYSE:BFAM) last posted 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 return on equity of 13.63% and a net margin of 5.22%. Sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BFAM. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Morgan Stanley lowered their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. UBS Group lowered their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, The Goldman Sachs Group lowered their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

About Bright Horizons Family Solutions

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.