Stephen I. Dreier Sells 1,141 Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) EVP Stephen I. Dreier sold 1,141 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $94.00, for a total transaction of $107,254.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) traded down $0.09 during trading hours on Thursday, hitting $94.88. 136,000 shares of the stock traded hands, compared to its average volume of 203,671. The firm has a market capitalization of $5,640.00, a P/E ratio of 46.74, a PEG ratio of 1.67 and a beta of 0.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35. Bright Horizons Family Solutions Inc has a 52 week low of $65.00 and a 52 week high of $95.82.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $433.30 million during 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 company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. sell-side analysts expect that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. 1st Global Advisors Inc. grew its stake in shares of Bright Horizons Family Solutions by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after purchasing an additional 75 shares during the last quarter. Argent Capital Management LLC grew its stake in shares of Bright Horizons Family Solutions by 2.5% in the second quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after purchasing an additional 150 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Bright Horizons Family Solutions by 5.2% in the second quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after purchasing an additional 225 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 8.6% in the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after purchasing an additional 295 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Bright Horizons Family Solutions by 7.2% in the second quarter. Russell Investments Group Ltd. now owns 6,682 shares of the company’s stock worth $516,000 after purchasing an additional 446 shares during the last quarter. 98.70% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on BFAM. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Friday, September 15th. Robert W. Baird restated a “hold” rating and set a $100.00 price objective on shares of Bright Horizons Family Solutions in a research report on Tuesday. BidaskClub upgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Citigroup boosted their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $89.00 price objective on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $96.13.

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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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