Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Roger H. Brown Sells 5,000 Shares

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Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Roger H. Brown sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $160.00, for a total value of $800,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE BFAM opened at $165.06 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $9.35 billion, a PE ratio of 54.48, a PEG ratio of 4.67 and a beta of 0.29. Bright Horizons Family Solutions Inc has a 1 year low of $105.15 and a 1 year high of $164.02. The business’s 50-day moving average is $154.47 and its 200 day moving average is $136.18.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. Bright Horizons Family Solutions had a return on equity of 23.29% and a net margin of 8.67%. The company had revenue of $528.06 million for the quarter, compared to analysts’ expectations of $531.13 million. During the same period last year, the firm earned $0.87 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc will post 3.4 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of BFAM. Huntington National Bank purchased a new stake in Bright Horizons Family Solutions in the second quarter worth about $33,000. Quadrant Capital Group LLC purchased a new stake in Bright Horizons Family Solutions in the first quarter worth about $47,000. Manchester Capital Management LLC purchased a new stake in Bright Horizons Family Solutions in the first quarter worth about $47,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Bright Horizons Family Solutions in the second quarter worth about $75,000. Finally, Ellis Investment Partners LLC purchased a new stake in Bright Horizons Family Solutions in the first quarter worth about $86,000. Institutional investors and hedge funds own 97.68% of the company’s stock.

BFAM has been the topic of several recent analyst reports. BMO Capital Markets raised their target price on Bright Horizons Family Solutions to $152.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 10th. Goldman Sachs Group raised Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Wednesday, August 7th. Finally, ValuEngine cut Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $134.57.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Insider Buying and Selling by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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