Insider Selling: Bright Horizons Family Solutions Inc (BFAM) CFO Sells 3,500 Shares of Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) CFO Elizabeth J. Boland sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.23, for a total transaction of $466,305.00. Following the completion of the sale, the chief financial officer now owns 123,841 shares in the company, valued at $16,499,336.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE:BFAM traded up $1.56 during trading on Friday, reaching $136.07. The stock had a trading volume of 266,749 shares, compared to its average volume of 199,596. Bright Horizons Family Solutions Inc has a one year low of $99.29 and a one year high of $135.18. The stock has a market capitalization of $7.90 billion, a P/E ratio of 44.91, a P/E/G ratio of 3.71 and a beta of 0.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. The business had revenue of $501.76 million for the quarter, compared to analysts’ expectations of $497.24 million. During the same period last year, the business earned $0.72 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current year.

A number of analysts have recently weighed in on BFAM shares. ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Bank of America restated a “neutral” rating and issued a $123.00 price target (up from $115.00) on shares of Bright Horizons Family Solutions in a report on Wednesday, February 13th. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. Citigroup raised their price target on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a report on Monday, May 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $127.00.

Hedge funds have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Bright Horizons Family Solutions by 312.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 272 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $621,000. Manchester Capital Management LLC acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $47,000. Quadrant Capital Group LLC acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $47,000. Finally, Kore Private Wealth LLC acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $50,000. Institutional investors own 98.34% of the company’s stock.

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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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