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

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 that occurred on Wednesday, May 24th. The shares were sold at an average price of $82.25, for a total value of $187,694.50. Following the transaction, the director now owns 4,435 shares of the company’s stock, valued at $364,778.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bright Horizons Family Solutions Stock Up 1.1 %

Shares of BFAM opened at $83.54 on Friday. The business’s 50 day moving average is $80.20 and its 200 day moving average is $75.65. The company has a market capitalization of $4.83 billion, a PE ratio of 70.80 and a beta of 1.22. Bright Horizons Family Solutions Inc. has a 12-month low of $54.19 and a 12-month high of $94.89. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.87.

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Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.39 earnings per share (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 business had revenue of $553.61 million for the quarter, compared to the consensus estimate of $531.41 million. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. Research analysts expect that Bright Horizons Family Solutions Inc. will post 2.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BFAM. Robert W. Baird boosted their price objective 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. TheStreet raised Bright Horizons Family Solutions from a “d+” rating to a “c-” rating in a research note on Monday, January 30th. The Goldman Sachs Group decreased 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. BMO Capital Markets decreased their target price on Bright Horizons Family Solutions from $84.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 21st. Finally, StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.43.

Institutional Trading of Bright Horizons Family Solutions

Large investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in Bright Horizons Family Solutions in the 2nd quarter worth approximately $26,000. Daiwa Securities Group Inc. increased its stake in Bright Horizons Family Solutions by 184.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 355 shares of the company’s stock worth $27,000 after acquiring an additional 230 shares during the last quarter. Global Retirement Partners LLC increased its stake in Bright Horizons Family Solutions by 52.3% in the 3rd quarter. Global Retirement Partners LLC now owns 498 shares of the company’s stock worth $33,000 after acquiring an additional 171 shares during the last quarter. Belpointe Asset Management LLC increased its stake in Bright Horizons Family Solutions by 118.6% in the 1st quarter. Belpointe Asset Management LLC now owns 564 shares of the company’s stock worth $43,000 after acquiring an additional 306 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Bright Horizons Family Solutions by 93.8% in the 4th quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock worth $39,000 after acquiring an additional 302 shares during 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.

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