Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Sells $682,740.00 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Jason Janoff sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total transaction of $682,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,955 shares in the company, valued at approximately $1,018,989.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM traded down $0.65 during mid-day trading on Thursday, hitting $113.14. The stock had a trading volume of 260,206 shares, compared to its average volume of 345,209. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $6.56 billion, a P/E ratio of 80.13, a PEG ratio of 4.28 and a beta of 1.38. Bright Horizons Family Solutions Inc. has a 52 week low of $71.65 and a 52 week high of $119.21. The business has a fifty day moving average price of $111.33 and a 200-day moving average price of $99.55.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its 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. The firm had revenue of $615.65 million during the quarter, compared to analyst estimates of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. On average, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current year.

Analysts Set New Price Targets

BFAM has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Barclays raised shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. The Goldman Sachs Group raised their price target on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, UBS Group reduced their target price on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and an average target price of $106.63.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in BFAM. Westfield Capital Management Co. LP increased its stake in Bright Horizons Family Solutions by 17.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 646,208 shares of the company’s stock worth $52,640,000 after acquiring an additional 97,548 shares during the last quarter. Comerica Bank purchased a new stake in Bright Horizons Family Solutions in the third quarter valued at approximately $10,590,000. Mission Wealth Management LP raised its position in shares of Bright Horizons Family Solutions by 4.1% during the 4th quarter. Mission Wealth Management LP now owns 10,588 shares of the company’s stock valued at $998,000 after buying an additional 415 shares in the last quarter. Raymond James & Associates raised its position in Bright Horizons Family Solutions by 8.8% in the 1st quarter. Raymond James & Associates now owns 508,792 shares of the company’s stock worth $57,677,000 after purchasing an additional 41,167 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $54,890,000.

About Bright Horizons Family Solutions

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.