Elizabeth J. Boland Sells 3,500 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) CFO Elizabeth J. Boland sold 3,500 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the completion of the transaction, the chief financial officer now directly owns 80,162 shares of the company's stock, valued at approximately $10,594,209.92. The trade was a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded up $0.03 during mid-day trading on Tuesday, hitting $128.20. 332,763 shares of the company's stock traded hands, compared to its average volume of 455,559. The company's 50-day moving average is $122.11 and its two-hundred day moving average is $119.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $7.34 billion, a P/E ratio of 53.42 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $665.53 million for the quarter, compared to analysts' expectations of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The business's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC bought a new position in Bright Horizons Family Solutions in the 1st quarter worth about $2,195,000. Strs Ohio purchased a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth approximately $1,244,000. Geneos Wealth Management Inc. lifted its position in shares of Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock worth $43,000 after purchasing an additional 167 shares during the period. Focus Partners Wealth lifted its position in shares of Bright Horizons Family Solutions by 70.5% in the 1st quarter. Focus Partners Wealth now owns 4,516 shares of the company's stock worth $574,000 after purchasing an additional 1,868 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Bright Horizons Family Solutions by 646.2% in the 1st quarter. Jane Street Group LLC now owns 59,643 shares of the company's stock worth $7,577,000 after purchasing an additional 51,650 shares during the period.

Wall Street Analyst Weigh In

BFAM has been the subject of a number of analyst reports. Wall Street Zen raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Morgan Stanley raised their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Finally, BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.33.

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.