Bright Horizons Family Solutions Inc. (NYSE:BFAM) CFO Elizabeth J. Boland sold 29,681 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the transaction, the chief financial officer now directly owns 141,491 shares in the company, valued at $11,170,714.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bright Horizons Family Solutions Inc. (BFAM) traded down 0.91% on Thursday, hitting $78.04. 174,257 shares of the stock were exchanged. Bright Horizons Family Solutions Inc. has a one year low of $59.00 and a one year high of $82.00. The company’s 50 day moving average price is $79.48 and its 200-day moving average price is $75.64. The company has a market cap of $4.62 billion, a P/E ratio of 41.64 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The firm had revenue of $445.55 million during the quarter, compared to analysts’ expectations of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. Bright Horizons Family Solutions’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 11.8% during the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after acquiring an additional 410,335 shares during the period. BlackRock Inc. grew its position in shares of Bright Horizons Family Solutions by 73,144.9% during the 1st quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the period. Alliancebernstein L.P. grew its position in shares of Bright Horizons Family Solutions by 8.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock worth $155,100,000 after buying an additional 161,469 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Bright Horizons Family Solutions by 108.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock valued at $89,056,000 after purchasing an additional 599,907 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 27.9% during the 1st quarter. Eagle Asset Management Inc. now owns 893,552 shares of the company’s stock valued at $64,773,000 after purchasing an additional 194,710 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

A number of research analysts have recently 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 $88.00 target price on the stock in a research report on Friday, August 4th. Citigroup Inc. reissued a “buy” rating and set a $92.00 target price (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. BidaskClub cut shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $84.00.

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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