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 firm’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 transaction of $682,740.00. Following the completion of the sale, the chief accounting officer now directly owns 8,955 shares in the company, valued at $1,018,989.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded down $0.65 during trading on Thursday, hitting $113.14. 260,206 shares of the stock were exchanged, compared to its average volume of 345,209. The stock has a market cap of $6.56 billion, a PE ratio of 80.13, a P/E/G ratio of 4.28 and a beta of 1.38. The stock’s fifty day moving average is $111.33 and its 200 day moving average is $99.55. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $119.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on BFAM. JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. The Goldman Sachs Group lifted 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. Barclays raised shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $100.00 to $125.00 in a research note on Wednesday, February 28th. Robert W. Baird upped their price target on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, UBS Group cut their price objective on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Hold” and an average price target of $106.63.

Institutional Trading of Bright Horizons Family Solutions

Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Bright Horizons Family Solutions in the fourth quarter worth $57,363,000. Lord Abbett & CO. LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $64,735,000. Public Employees Retirement Association of Colorado increased its stake in Bright Horizons Family Solutions by 4,227.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock valued at $27,709,000 after acquiring an additional 287,229 shares during the period. William Blair Investment Management LLC raised its position in Bright Horizons Family Solutions by 11.1% in the third quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company’s stock worth $155,849,000 after purchasing an additional 191,545 shares in the last quarter. Finally, Comerica Bank bought a new position in Bright Horizons Family Solutions during the third quarter worth about $10,590,000.

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.