LRI Investments LLC Invests $153,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

LRI Investments LLC bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,361 shares of the company’s stock, valued at approximately $153,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BFAM. Norges Bank bought a new position in Bright Horizons Family Solutions in the 4th quarter valued at approximately $57,363,000. Lord Abbett & CO. LLC bought a new position in Bright Horizons Family Solutions in the 1st quarter valued at approximately $64,735,000. Public Employees Retirement Association of Colorado raised its holdings in Bright Horizons Family Solutions by 4,227.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock valued at $27,709,000 after buying an additional 287,229 shares during the last quarter. M&G Plc bought a new position in Bright Horizons Family Solutions in the 1st quarter valued at approximately $27,467,000. Finally, Capital World Investors raised its holdings in Bright Horizons Family Solutions by 10.5% in the 4th quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock valued at $127,076,000 after buying an additional 128,632 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 2.1 %

Shares of BFAM stock traded up $2.46 during trading hours on Friday, hitting $120.36. 398,362 shares of the company were exchanged, compared to its average volume of 277,750. The firm has a market cap of $6.98 billion, a P/E ratio of 84.76, a P/E/G ratio of 4.51 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $122.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. The company has a 50 day simple moving average of $109.52 and a two-hundred day simple moving average of $108.27.

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

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $106.42, for a total transaction of $85,136.00. Following the completion of the sale, the chief operating officer now owns 37,725 shares of the company’s stock, valued at approximately $4,014,694.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Stephen Howard Kramer sold 11,250 shares of the 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 transaction, the chief executive officer now directly owns 122,573 shares in the company, valued at approximately $13,967,193.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $106.42, for a total value of $85,136.00. Following the completion of the transaction, the chief operating officer now owns 37,725 shares in the company, valued at $4,014,694.50. The disclosure for this sale can be found here. Insiders sold a total of 28,447 shares of company stock valued at $3,186,710 in the last quarter. 1.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.