Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Jason Janoff Sells 6,000 Shares

Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Jason Janoff sold 6,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total transaction of $682,740.00. Following the sale, the chief accounting officer now directly owns 8,955 shares in the company, valued at $1,018,989.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bright Horizons Family Solutions Stock Down 0.6 %

NYSE:BFAM opened at $113.14 on Friday. The stock has a 50-day simple moving average of $111.30 and a 200 day simple moving average of $99.65. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $119.21. The company has a market cap of $6.56 billion, a PE ratio of 79.68, a PEG ratio of 4.28 and a beta of 1.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. The firm had revenue of $615.65 million during the quarter, compared to the consensus estimate of $588.63 million. On average, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current fiscal year.

Institutional Trading of Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently bought and sold shares of BFAM. Riverview Trust Co acquired a new position in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $25,000. Principal Securities Inc. acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth $38,000. YHB Investment Advisors Inc. bought a new stake in Bright Horizons Family Solutions during the first quarter worth $40,000. Signaturefd LLC raised its position in Bright Horizons Family Solutions by 102.2% during the third quarter. Signaturefd LLC now owns 653 shares of the company’s stock worth $53,000 after acquiring an additional 330 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in Bright Horizons Family Solutions by 120.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock valued at $117,000 after acquiring an additional 677 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. The Goldman Sachs Group lifted their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. Finally, Robert W. Baird lifted their price target on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.63.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.