Bright Horizons Family Solutions Inc. (NYSE:BFAM) CEO Sells $1,281,937.50 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) CEO Stephen Howard Kramer sold 11,250 shares of the company's stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the completion of the transaction, the chief executive officer now owns 122,573 shares in the company, valued at $13,967,193.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded down $0.50 during mid-day trading on Wednesday, reaching $113.78. 434,860 shares of the company's stock were exchanged, compared to its average volume of 346,165. Bright Horizons Family Solutions Inc. has a one year low of $71.65 and a one year high of $119.21. The firm has a market capitalization of $6.60 billion, a PE ratio of 80.48, a P/E/G ratio of 4.28 and a beta of 1.38. The business's fifty day simple moving average is $111.34 and its 200 day simple moving average is $99.45. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. 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 expect that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current year.

Institutional Trading of Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently modified their holdings of BFAM. Riverview Trust Co purchased a new stake in Bright Horizons Family Solutions in the first quarter worth approximately $25,000. YHB Investment Advisors Inc. bought a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at $40,000. Principal Securities Inc. purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth $38,000. Signaturefd LLC lifted its stake in Bright Horizons Family Solutions by 102.2% in the third quarter. Signaturefd LLC now owns 653 shares of the company's stock worth $53,000 after purchasing an additional 330 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in Bright Horizons Family Solutions by 120.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company's stock valued at $117,000 after buying an additional 677 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Friday, May 3rd. The Goldman Sachs Group raised their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. UBS Group cut their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a "neutral" rating on the stock in a report on Wednesday, February 14th. BMO Capital Markets boosted 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. Finally, JPMorgan Chase & Co. upped their target price on 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Hold" and a consensus price target of $106.63.

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.

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