Several other analysts also recently commented on BFAM. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research report on Monday, May 6th. Goldman Sachs Group upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $127.00.
Shares of BFAM stock opened at $154.83 on Tuesday. The company has a market cap of $8.89 billion, a P/E ratio of 51.10, a price-to-earnings-growth ratio of 4.26 and a beta of 0.31. Bright Horizons Family Solutions has a one year low of $103.70 and a one year high of $155.00. The company’s fifty day moving average price is $140.71. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.24.
In other news, CFO Elizabeth J. Boland sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.23, for a total value of $466,305.00. Following the sale, the chief financial officer now directly owns 123,841 shares in the company, valued at approximately $16,499,336.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen I. Dreier sold 6,500 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $151.84, for a total transaction of $986,960.00. Following the completion of the sale, the executive vice president now owns 41,023 shares in the company, valued at $6,228,932.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,808 shares of company stock worth $5,489,526. 1.90% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $114,000. LPL Financial LLC increased its holdings in shares of Bright Horizons Family Solutions by 16.9% in the 4th quarter. LPL Financial LLC now owns 18,610 shares of the company’s stock worth $2,074,000 after buying an additional 2,690 shares during the last quarter. Bluestein R H & Co. bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth about $381,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Bright Horizons Family Solutions by 1.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after buying an additional 170 shares during the last quarter. Finally, Great Point Wealth Advisors LLC bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $1,019,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.
About Bright Horizons Family Solutions
Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.
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