Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Roger H. Brown Sells 6,500 Shares

Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Roger H. Brown sold 6,500 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $165.00, for a total transaction of $1,072,500.00. Following the transaction, the director now directly owns 13,227 shares of the company’s stock, valued at $2,182,455. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Bright Horizons Family Solutions stock traded down $2.13 during trading on Friday, reaching $164.62. The company’s stock had a trading volume of 3,957 shares, compared to its average volume of 292,664. The business’s 50-day moving average price is $154.68 and its 200-day moving average price is $136.43. The firm has a market cap of $9.50 billion, a PE ratio of 54.25, a P/E/G ratio of 4.75 and a beta of 0.29. Bright Horizons Family Solutions Inc has a 52 week low of $105.15 and a 52 week high of $167.02. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.18.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.92. The company had revenue of $528.06 million during the quarter, compared to analysts’ expectations of $531.13 million. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.29%. Bright Horizons Family Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. Equities analysts predict that Bright Horizons Family Solutions Inc will post 3.4 earnings per share for the current year.

A number of equities 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 $169.00 price objective for the company in a research report on Wednesday, August 7th. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions to $152.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 10th. Goldman Sachs Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. Finally, ValuEngine cut shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $134.57.

Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. boosted its position in shares of Bright Horizons Family Solutions by 4.5% in the second quarter. Whittier Trust Co. now owns 29,585 shares of the company’s stock valued at $4,463,000 after acquiring an additional 1,261 shares during the period. Bluestein R H & Co. bought a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $381,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Bright Horizons Family Solutions by 1.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock valued at $1,725,000 after acquiring an additional 170 shares during the period. Brinker Capital Inc. boosted its position in shares of Bright Horizons Family Solutions by 6.8% in the first quarter. Brinker Capital Inc. now owns 16,305 shares of the company’s stock valued at $2,073,000 after acquiring an additional 1,044 shares during the period. Finally, Manchester Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $47,000. 97.68% of the stock is owned by institutional investors.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Insider Buying and Selling by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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