Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) CEO Stephen Howard Kramer sold 11,250 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $113.95, for a total value of $1,281,937.50. Following the completion of the transaction, the chief executive officer now directly owns 122,573 shares of the company's stock, valued at $13,967,193.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Bright Horizons Family Solutions Trading Down 0.4 %
Shares of BFAM stock opened at $113.78 on Thursday. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $119.21. The business's fifty day moving average is $111.33 and its 200 day moving average is $99.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $6.60 billion, a PE ratio of 80.13, a price-to-earnings-growth ratio of 4.28 and a beta of 1.38.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.62 by $0.12. The company had revenue of $615.65 million during the quarter, compared to analyst estimates of $588.63 million. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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BFAM has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Barclays raised Bright Horizons Family Solutions from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. UBS Group cut their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday, February 14th. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an "overweight" rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $106.63.
View Our Latest Report on BFAM
Institutional Investors Weigh In On Bright Horizons Family Solutions
Several hedge funds have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its position in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company's stock worth $2,054,000 after purchasing an additional 130 shares during the period. SYSTM Wealth Solutions LLC boosted its stake in shares of Bright Horizons Family Solutions by 7.7% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company's stock valued at $262,000 after purchasing an additional 164 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Bright Horizons Family Solutions by 2.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company's stock worth $1,082,000 after buying an additional 215 shares during the period. Riverview Trust Co bought a new stake in Bright Horizons Family Solutions during the 1st quarter valued at $25,000. Finally, Natixis Advisors L.P. boosted its position in Bright Horizons Family Solutions by 0.9% during the 3rd quarter. Natixis Advisors L.P. now owns 23,264 shares of the company's stock valued at $1,895,000 after buying an additional 218 shares during the period.
Bright Horizons Family Solutions Company Profile
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Get Free Report)
Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.
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