Bright Horizons Family Solutions Inc. (NYSE:BFAM) major shareholder Bain Capital Investors Llc sold 1,731,904 shares of the company’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $71.11, for a total transaction of $123,155,693.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 68.82 on Thursday. Bright Horizons Family Solutions Inc. has a 12 month low of $59.00 and a 12 month high of $72.80. The firm’s 50-day moving average is $67.38 and its 200-day moving average is $66.78. The stock has a market cap of $4.09 billion, a P/E ratio of 41.63 and a beta of 0.17.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $383.90 million for the quarter, compared to analysts’ expectations of $387.82 million. Bright Horizons Family Solutions had a net margin of 6.58% and a return on equity of 16.87%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post $2.15 earnings per share for the current fiscal year.

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

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Several research analysts have recently issued reports on BFAM shares. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Monday, August 8th. JPMorgan Chase & Co. upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and upped their target price for the company from $70.00 to $76.00 in a report on Monday, August 15th. Jefferies Group upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 target price for the company in a report on Monday, August 15th. Credit Suisse Group AG restated a “buy” rating and issued a $74.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, September 16th. Finally, William Blair cut shares of Bright Horizons Family Solutions from an “outperform” rating to a “market weight” rating in a report on Wednesday, November 2nd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Bright Horizons Family Solutions presently has an average rating of “Buy” and an average price target of $73.17.

Several hedge funds have recently added to or reduced their stakes in BFAM. UBS Group AG increased its stake in Bright Horizons Family Solutions by 4.8% in the first quarter. UBS Group AG now owns 9,071 shares of the company’s stock worth $588,000 after buying an additional 416 shares during the last quarter. Geode Capital Management LLC increased its position in Bright Horizons Family Solutions by 5.2% in the first quarter. Geode Capital Management LLC now owns 279,064 shares of the company’s stock worth $18,077,000 after buying an additional 13,719 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Bright Horizons Family Solutions by 6,110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,739 shares of the company’s stock worth $115,000 after buying an additional 1,711 shares in the last quarter. Eqis Capital Management Inc. increased its position in Bright Horizons Family Solutions by 9.3% in the second quarter. Eqis Capital Management Inc. now owns 4,738 shares of the company’s stock worth $314,000 after buying an additional 403 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in Bright Horizons Family Solutions by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,655 shares of the company’s stock worth $242,000 after buying an additional 305 shares in the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

5 Day Chart for NYSE:BFAM

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