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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) CEO Stephen Howard Kramer sold 11,250 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 122,573 shares in the company, valued at approximately $13,967,193.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Bright Horizons Family Solutions Stock Down 0.6 %

Shares of NYSE BFAM opened at $113.14 on Friday. The business has a 50-day moving average price of $111.30 and a 200 day moving average price of $99.65. The stock has a market cap of $6.56 billion, a PE ratio of 79.68, a price-to-earnings-growth ratio of 4.28 and a beta of 1.38. 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 Inc. has a 52-week low of $71.65 and a 52-week high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. The business had revenue of $615.65 million during the quarter, compared to the consensus estimate of $588.63 million. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on BFAM shares. StockNews.com raised 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 increased their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. Robert W. Baird increased their price objective on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Hold” and a consensus price target of $106.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BFAM. Lord Abbett & CO. LLC purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $64,735,000. State Board of Administration of Florida Retirement System raised its stake in Bright Horizons Family Solutions by 3.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 65,120 shares of the company’s stock valued at $7,382,000 after acquiring an additional 2,440 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Bright Horizons Family Solutions by 6.2% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 100,472 shares of the company’s stock valued at $11,390,000 after acquiring an additional 5,892 shares during the last quarter. Global Alpha Capital Management Ltd. grew its stake in shares of Bright Horizons Family Solutions by 5.6% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 16,900 shares of the company’s stock valued at $1,916,000 after purchasing an additional 900 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Bright Horizons Family Solutions by 0.3% in the 1st quarter. Swiss National Bank now owns 114,279 shares of the company’s stock valued at $12,955,000 after purchasing an additional 300 shares during the last quarter.

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.