Insider Selling: Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Sells 6,000 Shares of Stock

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

Bright Horizons Family Solutions Stock Down 0.6 %

Shares of Bright Horizons Family Solutions stock opened at $113.14 on Friday. The company has a market cap of $6.56 billion, a P/E ratio of 79.68, 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 company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average price is $111.30 and its 200-day moving average price is $99.65.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $615.65 million during the quarter, compared to the consensus estimate of $588.63 million. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BFAM. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. UBS Group lowered their target price on shares of 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. Finally, The Goldman Sachs Group upped 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 report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of “Hold” and a consensus target price of $106.63.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Xponance Inc. lifted its position in Bright Horizons Family Solutions by 18.7% during the 3rd quarter. Xponance Inc. now owns 3,238 shares of the company’s stock worth $264,000 after acquiring an additional 510 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bright Horizons Family Solutions by 15.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,861 shares of the company’s stock worth $885,000 after acquiring an additional 1,424 shares during the period. Strs Ohio purchased a new position in shares of Bright Horizons Family Solutions during the third quarter worth $1,092,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Bright Horizons Family Solutions by 1.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,601 shares of the company’s stock valued at $1,189,000 after purchasing an additional 255 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in Bright Horizons Family Solutions in the third quarter valued at $369,000.

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.