Bright Horizons Family Solutions (NYSE:BFAM) CFO Elizabeth J. Boland sold 6,302 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $99.68, for a total value of $628,183.36. Following the sale, the chief financial officer now directly owns 146,113 shares in the company, valued at approximately $14,564,543.84. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Bright Horizons Family Solutions stock opened at $98.39 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.42 and a quick ratio of 0.42. Bright Horizons Family Solutions has a 1 year low of $72.78 and a 1 year high of $105.04. The company has a market cap of $5,826.15, a P/E ratio of 39.01, a P/E/G ratio of 2.26 and a beta of 0.07.
Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.69% and a net margin of 9.02%. The firm had revenue of $440.00 million during the quarter, compared to the consensus estimate of $438.99 million. During the same period in the previous year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. analysts forecast that Bright Horizons Family Solutions will post 2.93 EPS for the current fiscal year.
BFAM has been the topic of several research analyst reports. ValuEngine raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Monday, March 26th. Royal Bank of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, February 9th. Citigroup boosted their price target on Bright Horizons Family Solutions to $107.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Barclays reissued a “buy” rating and set a $105.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bright Horizons Family Solutions presently has an average rating of “Hold” and an average target price of $101.67.
Institutional investors have recently modified their holdings of the stock. American International Group Inc. acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $120,000. We Are One Seven LLC acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at $167,000. Eagle Boston Investment Management Inc. acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at $205,000. JOYN Advisors Inc. acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at $262,000. Finally, Brown Capital Management LLC acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at $314,000. Hedge funds and other institutional investors own 99.04% of the company’s stock.
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About Bright Horizons Family Solutions
Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.
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