Insider Selling: Bright Horizons Family Solutions CEO Unloads 25,000 Shares of Stock (BFAM)
Bright Horizons Family Solutions (NASDAQ:BFAM) CEO David H. Lissy sold 25,000 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $42.00, for a total transaction of $1,050,000.00. Following the completion of the transaction, the chief executive officer now directly owns 242,660 shares of the company’s stock, valued at approximately $10,191,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on BFAM shares. Analysts at TheStreet upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Separately, analysts at Jefferies Group raised their price target on shares of Bright Horizons Family Solutions from $45.00 to $47.00 in a research note on Monday, May 5th. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, May 2nd. They now have a $48.00 price target on the stock, up previously from $44.00. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.85.
Bright Horizons Family Solutions (NASDAQ:BFAM) traded up 0.42% during mid-day trading on Wednesday, hitting $42.90. The stock had a trading volume of 202,179 shares. Bright Horizons Family Solutions has a 1-year low of $30.35 and a 1-year high of $43.28. The stock’s 50-day moving average is $40.04 and its 200-day moving average is $38.46. The company has a market cap of $2.816 billion and a P/E ratio of 36.11.
Bright Horizons Family Solutions (NASDAQ:BFAM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.02. The company had revenue of $332.10 million for the quarter, compared to the consensus estimate of $325.70 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts expect that Bright Horizons Family Solutions will post $1.45 EPS for the current fiscal year.
Bright Horizons Family Solution Inc, provider of child care and early education services, as well as other services designed to help employers and families better address the challenges of work and life.
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