Bright Horizons Family Solutions Inc (NYSE:BFAM) CEO Sells $504,849.51 in Stock

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Bright Horizons Family Solutions Inc (NYSE:BFAM) CEO Stephen Howard Kramer sold 3,333 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $151.47, for a total value of $504,849.51. Following the completion of the transaction, the chief executive officer now owns 87,292 shares of the company’s stock, valued at $13,222,119.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, June 18th, Stephen Howard Kramer sold 4,500 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $139.96, for a total value of $629,820.00.

NYSE:BFAM traded up $1.56 during trading hours on Wednesday, hitting $151.58. 563,355 shares of the company were exchanged, compared to its average volume of 223,959. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 4.62 and a beta of 0.29. Bright Horizons Family Solutions Inc has a one year low of $105.15 and a one year high of $168.28. The company has a fifty day simple moving average of $158.74 and a 200 day simple moving average of $140.67. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.18.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $528.06 million for the quarter, compared to analyst estimates of $531.13 million. Bright Horizons Family Solutions had a return on equity of 23.29% and a net margin of 8.67%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 EPS. Equities research analysts predict that Bright Horizons Family Solutions Inc will post 3.4 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Bright Horizons Family Solutions by 7.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,522,558 shares of the company’s stock valued at $1,134,928,000 after purchasing an additional 519,883 shares during the period. Vanguard Group Inc. raised its stake in Bright Horizons Family Solutions by 1.3% during the second quarter. Vanguard Group Inc. now owns 5,281,318 shares of the company’s stock worth $796,793,000 after buying an additional 69,561 shares during the last quarter. BlackRock Inc. raised its stake in Bright Horizons Family Solutions by 4.9% during the second quarter. BlackRock Inc. now owns 3,182,061 shares of the company’s stock worth $480,078,000 after buying an additional 148,834 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Bright Horizons Family Solutions by 9.4% during the first quarter. Neuberger Berman Group LLC now owns 1,734,443 shares of the company’s stock valued at $220,465,000 after acquiring an additional 148,453 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Bright Horizons Family Solutions by 4.5% during the second quarter. JPMorgan Chase & Co. now owns 1,326,130 shares of the company’s stock valued at $198,919,000 after acquiring an additional 56,785 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

BFAM has been the subject of several recent research reports. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $152.00 to $166.00 in a research note on Wednesday. ValuEngine downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Wednesday, August 7th. Finally, Goldman Sachs Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $136.57.

About Bright Horizons Family Solutions

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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