Stephen I. Dreier Sells 2,798 Shares of Bright Horizons Family Solutions Inc (BFAM) Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) EVP Stephen I. Dreier sold 2,798 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $97.00, for a total value of $271,406.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) opened at $97.51 on Friday. Bright Horizons Family Solutions Inc has a one year low of $65.00 and a one year high of $98.16. The stock has a market cap of $5,783.81, a PE ratio of 48.51, a P/E/G ratio of 1.70 and a beta of 0.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The business had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. During the same period last year, the business posted $0.49 EPS. Bright Horizons Family Solutions’s revenue was up 12.9% on a year-over-year basis. equities analysts predict that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of BFAM. Legal & General Group Plc lifted its stake in Bright Horizons Family Solutions by 24.0% in the 2nd quarter. Legal & General Group Plc now owns 19,318 shares of the company’s stock valued at $1,492,000 after purchasing an additional 3,743 shares during the last quarter. Comerica Bank acquired a new stake in Bright Horizons Family Solutions in the 2nd quarter valued at about $230,000. BNP Paribas Arbitrage SA lifted its stake in Bright Horizons Family Solutions by 32.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,475 shares of the company’s stock valued at $268,000 after purchasing an additional 854 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Bright Horizons Family Solutions by 16.2% in the 2nd quarter. Principal Financial Group Inc. now owns 10,205 shares of the company’s stock valued at $788,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in Bright Horizons Family Solutions by 5.2% in the 2nd quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock valued at $352,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.

BFAM has been the subject of several analyst reports. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, November 7th. Credit Suisse Group raised their price objective on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Barclays raised their price objective on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. Finally, Macquarie initiated coverage on Bright Horizons Family Solutions in a report on Thursday, December 21st. They issued a “neutral” rating and a $95.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $98.25.

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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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