Stephen Howard Kramer Sells 4,800 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock

Posted by Defense World Staff on May 9th, 2023

Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) CEO Stephen Howard Kramer sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $90.44, for a total transaction of $434,112.00. Following the completion of the transaction, the chief executive officer now directly owns 137,518 shares of the company’s stock, valued at approximately $12,437,127.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Stephen Howard Kramer also recently made the following trade(s):

On Thursday, May 4th, Stephen Howard Kramer sold 5,000 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $84.38, for a total transaction of $421,900.00.

Bright Horizons Family Solutions Price Performance

BFAM opened at $91.66 on Tuesday. The company has a fifty day moving average price of $78.61 and a two-hundred day moving average price of $73.58. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.44 and a current ratio of 0.44. Bright Horizons Family Solutions Inc. has a 52 week low of $54.19 and a 52 week high of $94.86. The firm has a market capitalization of $5.30 billion, a PE ratio of 77.68 and a beta of 1.22.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The company had revenue of $529.52 million for the quarter, compared to analysts’ expectations of $528.43 million. Bright Horizons Family Solutions had a net margin of 3.28% and a return on equity of 12.19%. As a group, analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

BFAM has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on shares of Bright Horizons Family Solutions from $94.00 to $82.00 and set a “buy” rating on the stock in a report on Friday, February 17th. Robert W. Baird lifted their target price on shares of Bright Horizons Family Solutions from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, February 17th. BMO Capital Markets dropped their price objective on shares of Bright Horizons Family Solutions from $84.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. TheStreet upgraded shares of Bright Horizons Family Solutions from a “d+” rating to a “c-” rating in a report on Monday, January 30th. Finally, Citigroup raised their price target on shares of Bright Horizons Family Solutions from $92.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average price target of $77.57.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors have recently added to or reduced their stakes in BFAM. Morgan Stanley grew its stake in Bright Horizons Family Solutions by 301.8% in the 4th quarter. Morgan Stanley now owns 856,581 shares of the company’s stock valued at $54,050,000 after buying an additional 643,410 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Bright Horizons Family Solutions by 124.2% in the 3rd quarter. Federated Hermes Inc. now owns 1,032,864 shares of the company’s stock valued at $59,545,000 after purchasing an additional 572,129 shares during the period. Norges Bank bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $35,706,000. Brown Advisory Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 19.7% during the 4th quarter. Brown Advisory Inc. now owns 3,060,431 shares of the company’s stock worth $193,113,000 after acquiring an additional 502,684 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 249.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 476,170 shares of the company’s stock worth $63,183,000 after acquiring an additional 340,088 shares during the period.

Bright Horizons Family Solutions Company Profile

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Bright Horizons Family Solutions, Inc engages in the provision of child care and early education, dependent care, and workforce education services. It operates through the following segments: Full-Service Center-Based Child Care, Back-Up Care Services, Educational Advisory and Other Services. The Full-Service Center-Based Child Care segment consists of traditional center-based child care and early education, preschool, and elementary education.