Stephen I. Dreier Sells 2,798 Shares of Bright Horizons Family Solutions Inc (BFAM) Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) EVP Stephen I. Dreier sold 2,798 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $97.00, for a total transaction of $271,406.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bright Horizons Family Solutions Inc (NYSE BFAM) traded up $1.33 on Friday, hitting $97.51. 165,154 shares of the company were exchanged, compared to its average volume of 184,208. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $5,780.00, a P/E ratio of 48.03, a price-to-earnings-growth ratio of 1.67 and a beta of 0.13. Bright Horizons Family Solutions Inc has a one year low of $65.00 and a one year high of $98.16.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $433.30 million for the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. research analysts predict that Bright Horizons Family Solutions Inc will post 2.5 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth approximately $907,000. Schwab Charles Investment Management Inc. lifted its holdings in Bright Horizons Family Solutions by 11.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 290,698 shares of the company’s stock valued at $27,326,000 after purchasing an additional 29,775 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $59,732,000. Wolverine Trading LLC purchased a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $340,000. Finally, DF Dent & Co. Inc. lifted its holdings in Bright Horizons Family Solutions by 171.7% during the third quarter. DF Dent & Co. Inc. now owns 11,215 shares of the company’s stock valued at $967,000 after purchasing an additional 7,088 shares in the last quarter. 98.70% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on BFAM shares. Citigroup lifted their price target on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. 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. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, November 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $89.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Finally, Barclays reiterated a “buy” rating and issued a $105.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $98.25.

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Bright Horizons Family Solutions Company Profile

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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