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 the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $82.25, for a total transaction of $187,694.50. Following the completion of the sale, the director now owns 4,435 shares in the company, valued at $364,778.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bright Horizons Family Solutions Stock Up 0.4 %

Shares of Bright Horizons Family Solutions stock opened at $82.64 on Friday. 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 has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average price of $80.09 and a two-hundred day moving average price of $75.55. Bright Horizons Family Solutions Inc. has a 12-month low of $54.19 and a 12-month high of $94.89.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Bright Horizons Family Solutions had a return on equity of 12.08% and a net margin of 3.28%. The company had revenue of $553.61 million during the quarter, compared to analyst estimates of $531.41 million. During the same period in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com started coverage on shares of Bright Horizons Family Solutions in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. The Goldman Sachs Group lowered their target price on Bright Horizons Family Solutions from $94.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, February 17th. Robert W. Baird lifted their target price on Bright Horizons Family Solutions from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, February 17th. BMO Capital Markets lowered their price target on 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. Finally, Citigroup cut Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $101.00 in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Hold” and a consensus target price of $78.43.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Bright Horizons Family Solutions by 5.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,293,635 shares of the company’s stock worth $247,528,000 after buying an additional 220,417 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Bright Horizons Family Solutions by 9.7% during the first quarter. JPMorgan Chase & Co. now owns 3,509,737 shares of the company’s stock worth $270,216,000 after buying an additional 309,359 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 19.7% during the fourth 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 during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 5.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,667,446 shares of the company’s stock valued at $205,367,000 after purchasing an additional 142,100 shares in the last quarter. Finally, Liontrust Investment Partners LLP raised its stake in shares of Bright Horizons Family Solutions by 1.0% in the first quarter. Liontrust Investment Partners LLP now owns 1,159,203 shares of the company’s stock valued at $89,247,000 after purchasing an additional 11,003 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

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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.