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

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

Shares of BFAM traded up $1.69 on Thursday, hitting $166.75. The company’s stock had a trading volume of 244,660 shares, compared to its average volume of 217,911. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.18. The firm’s fifty day moving average price is $154.47 and its 200-day moving average price is $136.18. Bright Horizons Family Solutions Inc has a fifty-two week low of $105.15 and a fifty-two week high of $167.02. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 55.03, a P/E/G ratio of 4.69 and a beta of 0.29.

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

Large investors have recently added to or reduced their stakes in the business. Huntington National Bank bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $33,000. Quadrant Capital Group LLC bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $47,000. Manchester Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $47,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $75,000. Finally, Ellis Investment Partners LLC bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $86,000. 97.68% of the stock is owned by hedge funds and other institutional investors.

BFAM has been the subject of several analyst reports. ValuEngine lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions to $152.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 10th. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Wednesday, August 7th. Finally, Goldman Sachs Group upgraded Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $134.57.

Bright Horizons Family Solutions Company Profile

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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