Insider Selling: Bright Horizons Family Solutions Inc. (BFAM) CEO Sells $6,903,313.12 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) CEO David H. Lissy sold 79,112 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $6,903,313.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Bright Horizons Family Solutions Inc. (BFAM) opened at $87.55 on Friday. The company has a market capitalization of $5,180.00, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 1.74 and a beta of 0.13. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. Bright Horizons Family Solutions Inc. has a 12 month low of $65.00 and a 12 month high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The firm had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. equities research analysts expect that Bright Horizons Family Solutions Inc. will post 2.49 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFAM. Acrospire Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after purchasing an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $123,000. Advisor Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 213.6% during the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after purchasing an additional 1,354 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $170,000. Finally, Connable Office Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 96.34% of the company’s stock.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, August 4th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Bright Horizons Family Solutions currently has an average rating of “Buy” and a consensus price target of $90.67.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Insider Buying and Selling by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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