Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Lightfoot Sara Lawrence Sells 2,282 Shares

Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) Director Lightfoot Sara Lawrence sold 2,282 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $82.25, for a total transaction of $187,694.50. Following the completion of the transaction, the director now owns 4,435 shares of the company’s stock, valued at approximately $364,778.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $82.64 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $4.78 billion, a P/E ratio of 70.03 and a beta of 1.22. The company’s fifty day moving average is $80.09 and its two-hundred day moving average is $75.55. Bright Horizons Family Solutions Inc. has a 1 year low of $54.19 and a 1 year high of $94.89.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Bright Horizons Family Solutions had a net margin of 3.28% and a return on equity of 12.08%. The business had revenue of $553.61 million for the quarter, compared to analysts’ expectations of $531.41 million. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 2.4 earnings per share for the current year.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Bright Horizons Family Solutions by 5.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,293,635 shares of the company’s stock worth $247,528,000 after purchasing an additional 220,417 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Bright Horizons Family Solutions by 9.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,509,737 shares of the company’s stock worth $270,216,000 after purchasing an additional 309,359 shares during the period. Brown Advisory Inc. boosted its position in shares of Bright Horizons Family Solutions by 19.7% in the 4th quarter. Brown Advisory Inc. now owns 3,060,431 shares of the company’s stock worth $193,113,000 after buying an additional 502,684 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Bright Horizons Family Solutions by 5.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,667,446 shares of the company’s stock worth $205,367,000 after buying an additional 142,100 shares in the last quarter. Finally, Liontrust Investment Partners LLP boosted its position in shares of Bright Horizons Family Solutions by 1.0% in the 1st quarter. Liontrust Investment Partners LLP now owns 1,159,203 shares of the company’s stock worth $89,247,000 after buying an additional 11,003 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BFAM. BMO Capital Markets decreased their price target on shares of Bright Horizons Family Solutions from $84.00 to $81.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. TheStreet upgraded shares of Bright Horizons Family Solutions from a “d+” rating to a “c-” rating in a research note on Monday, January 30th. Robert W. Baird boosted their price objective on shares of Bright Horizons Family Solutions from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, February 17th. StockNews.com assumed coverage on shares of Bright Horizons Family Solutions in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of Bright Horizons Family Solutions from $94.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, February 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $78.43.

About Bright Horizons Family Solutions

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Bright Horizons Family Solutions, Inc engages in the provision of child care and early education, dependent care, and workforce education services. It operates through the following segments: Full-Service Center-Based Child Care, Back-Up Care Services, Educational Advisory and Other Services. The Full-Service Center-Based Child Care segment consists of traditional center-based child care and early education, preschool, and elementary education.