Insider Selling: Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Sells 6,282 Shares of Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) Director David H. Lissy sold 6,282 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total transaction of $817,288.20. Following the transaction, the director now owns 69,312 shares in the company, valued at approximately $9,017,491.20. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded up $1.70 on Friday, hitting $129.58. The company had a trading volume of 463,816 shares, compared to its average volume of 456,444. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 53.99 and a beta of 1.32. The stock has a 50 day moving average price of $122.06 and a 200 day moving average price of $119.55. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

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

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently modified their holdings of BFAM. Larson Financial Group LLC grew its stake in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after acquiring an additional 79 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of Bright Horizons Family Solutions in the first quarter valued at about $29,000. Atala Financial Inc acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter valued at about $32,000. Parallel Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares in the last quarter. Finally, Global Financial Private Client LLC grew its stake in shares of Bright Horizons Family Solutions by 244.2% in the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BFAM shares. Wall Street Zen upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $138.33.

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.