Insider Selling: Bright Horizons Family Solutions Inc (BFAM) EVP Sells $570,840.00 in Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) EVP Stephen I. Dreier sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $95.14, for a total transaction of $570,840.00. Following the transaction, the executive vice president now owns 76,038 shares of the company’s stock, valued at approximately $7,234,255.32. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) opened at $95.75 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. Bright Horizons Family Solutions Inc has a 52 week low of $65.00 and a 52 week high of $95.82. The company has a market cap of $5,679.43, a PE ratio of 47.64, a price-to-earnings-growth ratio of 1.67 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $433.30 million during the quarter, compared to analyst estimates of $429.36 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 12.9% on a year-over-year basis. equities research analysts predict that Bright Horizons Family Solutions Inc will post 2.5 EPS for the current fiscal year.

A number of analysts have commented on BFAM shares. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Friday, September 15th. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 10th. Citigroup upped their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $89.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Finally, Barclays reaffirmed a “buy” rating and set a $105.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $95.57.

Several hedge funds and other institutional investors have recently bought and sold shares of BFAM. Russell Investments Group Ltd. lifted its position in shares of Bright Horizons Family Solutions by 7.2% in the second quarter. Russell Investments Group Ltd. now owns 6,682 shares of the company’s stock worth $516,000 after purchasing an additional 446 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Bright Horizons Family Solutions in the second quarter worth approximately $123,000. SG Americas Securities LLC purchased a new stake in shares of Bright Horizons Family Solutions in the second quarter worth approximately $507,000. Legal & General Group Plc lifted its position in shares of Bright Horizons Family Solutions by 24.0% in the second quarter. Legal & General Group Plc now owns 19,318 shares of the company’s stock worth $1,492,000 after purchasing an additional 3,743 shares in the last quarter. Finally, Comerica Bank purchased a new stake in shares of Bright Horizons Family Solutions in the second quarter worth approximately $230,000. 98.70% of the stock is owned by institutional investors and hedge funds.

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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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