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

LRI Investments LLC purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,361 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after purchasing an additional 29,942 shares during the period. Capital World Investors raised its holdings in Bright Horizons Family Solutions by 10.5% during the 4th quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock valued at $127,076,000 after acquiring an additional 128,632 shares during the period. Dimensional Fund Advisors LP raised its holdings in Bright Horizons Family Solutions by 18.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 708,527 shares of the company’s stock valued at $66,775,000 after acquiring an additional 109,548 shares during the period. Westfield Capital Management Co. LP raised its holdings in Bright Horizons Family Solutions by 1.8% during the 4th quarter. Westfield Capital Management Co. LP now owns 657,685 shares of the company’s stock valued at $61,980,000 after acquiring an additional 11,477 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Bright Horizons Family Solutions by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 637,401 shares of the company’s stock valued at $60,069,000 after acquiring an additional 9,851 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of BFAM traded up $2.46 during mid-day trading on Friday, reaching $120.36. 398,362 shares of the stock traded hands, compared to its average volume of 277,750. The firm has a fifty day moving average price of $109.52 and a 200 day moving average price of $108.27. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 84.76, a price-to-earnings-growth ratio of 4.51 and a beta of 1.45. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.76. Bright Horizons Family Solutions Inc. has a 1 year low of $71.65 and a 1 year high of $122.67.

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

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were 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 directly owns 37,725 shares in the company, valued at $4,014,694.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were 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 directly owns 37,725 shares in the company, valued at $4,014,694.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jason Janoff sold 6,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total transaction of $682,740.00. Following the sale, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at $1,018,989.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,447 shares of company stock worth $3,186,710. Corporate insiders own 1.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BFAM. JPMorgan Chase & Co. boosted 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 report on Friday, May 3rd. BMO Capital Markets boosted their target price 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. Robert W. Baird boosted 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 report on Friday, May 3rd. The Goldman Sachs Group boosted 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 report on Wednesday, April 10th. Finally, StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and an average 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.