Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 16.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,393,260 shares of the company’s stock after selling 1,072,075 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.09% of Bright Horizons Family Solutions worth $611,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $25,000. YHB Investment Advisors Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $40,000. Principal Securities Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter valued at approximately $38,000. Eagle Bay Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions by 120.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock valued at $117,000 after purchasing an additional 677 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $153,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on BFAM. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. raised their target price on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Robert W. Baird raised their target price on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. BMO Capital Markets raised their target price on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Finally, The Goldman Sachs Group raised their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $107.43.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the transaction, the chief operating officer now directly owns 35,925 shares in the company, valued at $4,311,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Stephen Howard Kramer sold 11,250 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total value of $1,281,937.50. Following the completion of the transaction, the chief executive officer now directly owns 122,573 shares in the company, valued at $13,967,193.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Monday, July 15th. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the transaction, the chief operating officer now owns 35,925 shares of the company’s stock, valued at $4,311,000. The disclosure for this sale can be found here. Insiders sold a total of 28,447 shares of company stock worth $3,186,710 over the last ninety days. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Trading Up 0.6 %

Shares of BFAM traded up $0.67 during midday trading on Monday, hitting $121.03. 77,035 shares of the stock were exchanged, compared to its average volume of 335,482. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $122.67. The stock has a fifty day simple moving average of $109.52 and a 200 day simple moving average of $108.47. The firm has a market cap of $7.02 billion, a P/E ratio of 85.23, a P/E/G ratio of 4.51 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. The business had revenue of $622.71 million during the quarter, compared to analyst estimates of $614.60 million. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.76 EPS for the current fiscal 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.