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

Bright Horizons Family Solutions Inc (NYSE:BFAM) EVP Stephen I. Dreier sold 2,798 shares of the business’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bright Horizons Family Solutions Inc (BFAM) traded down $0.48 on Monday, reaching $93.08. The company had a trading volume of 402,706 shares, compared to its average volume of 207,237. Bright Horizons Family Solutions Inc has a 1 year low of $67.57 and a 1 year high of $98.84. The firm has a market cap of $5,549.53, a PE ratio of 35.94, a price-to-earnings-growth ratio of 2.09 and a beta of 0.15. 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 (NYSE:BFAM) last released its earnings results on Thursday, February 8th. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. Bright Horizons Family Solutions’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. equities research analysts anticipate that Bright Horizons Family Solutions Inc will post 2.99 EPS for the current year.

Several equities research analysts recently issued reports on BFAM shares. Citigroup boosted their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Tuesday, November 7th. Royal Bank of Canada reissued a “buy” rating and set a $89.00 target price on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Barclays reissued a “buy” rating and set a $105.00 target price on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Finally, BMO Capital Markets reissued a “hold” rating and set a $98.00 target price on shares of Bright Horizons Family Solutions in a research note on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $100.13.

Several large investors have recently added to or reduced their stakes in the company. Carillon Tower Advisers Inc. acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth about $47,584,000. Quadrature Capital Ltd acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth about $567,000. Martingale Asset Management L P boosted its position in shares of Bright Horizons Family Solutions by 190.1% during the 4th quarter. Martingale Asset Management L P now owns 123,306 shares of the company’s stock worth $11,592,000 after acquiring an additional 80,804 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Bright Horizons Family Solutions by 3.7% during the 4th quarter. OppenheimerFunds Inc. now owns 424,958 shares of the company’s stock worth $39,947,000 after acquiring an additional 15,025 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Bright Horizons Family Solutions by 0.6% during the 4th quarter. Brown Advisory Inc. now owns 1,213,542 shares of the company’s stock worth $114,074,000 after acquiring an additional 7,681 shares in the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.

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Bright Horizons Family Solutions Company Profile

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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