Bright Horizons Family Solutions Inc (BFAM) EVP Sells $271,406.00 in Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) EVP Stephen I. Dreier sold 2,798 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $97.00, for a total value of $271,406.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Bright Horizons Family Solutions Inc (BFAM) opened at $93.56 on Friday. Bright Horizons Family Solutions Inc has a twelve month low of $65.00 and a twelve month high of $98.84. The stock has a market capitalization of $5,549.51, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 2.20 and a beta of 0.15. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The company had revenue of $440.00 million during the quarter, compared to the consensus estimate of $438.99 million. During the same quarter last year, the firm earned $0.56 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. equities research analysts expect that Bright Horizons Family Solutions Inc will post 2.99 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. 1st Global Advisors Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after buying an additional 75 shares in the last quarter. Argent Capital Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 2.5% during the second quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after buying an additional 150 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Bright Horizons Family Solutions by 5.2% during the second quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after buying an additional 225 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Bright Horizons Family Solutions by 8.6% during the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after buying an additional 295 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Bright Horizons Family Solutions by 0.6% during the second quarter. Parametric Portfolio Associates LLC now owns 102,173 shares of the company’s stock worth $7,889,000 after buying an additional 631 shares in the last quarter. 98.63% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a report on Friday. Credit Suisse Group raised their price target on Bright Horizons Family Solutions from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Friday. BMO Capital Markets reaffirmed a “hold” rating and set a $98.00 price target on shares of Bright Horizons Family Solutions in a report on Wednesday, January 17th. Robert W. Baird reaffirmed a “hold” rating and set a $100.00 price target on shares of Bright Horizons Family Solutions in a report on Tuesday, January 9th. Finally, Barclays reaffirmed a “buy” rating and set a $105.00 price target on shares of Bright Horizons Family Solutions in a report on Wednesday, December 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $99.25.

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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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