Bright Horizons Family Solutions Inc. (NYSE:BFAM) Short Interest Update

Bright Horizons Family Solutions Inc. (NYSE:BFAM) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 397,700 shares, a decline of 17.7% from the August 15th total of 483,000 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 370,000 shares, the short-interest ratio is presently 1.1 days.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the transaction, the chief operating officer now owns 35,925 shares in the company, valued at approximately $4,311,000. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, General Counsel John Guy Casagrande sold 4,235 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.86, for a total value of $549,957.10. Following the sale, the general counsel now owns 13,677 shares of the company’s stock, valued at approximately $1,776,095.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the sale, the chief operating officer now owns 35,925 shares in the company, valued at $4,311,000. The disclosure for this sale can be found here. Insiders have sold 24,635 shares of company stock worth $3,198,948 over the last 90 days. Corporate insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several large investors have recently bought and sold shares of BFAM. Riverview Trust Co bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the period. YHB Investment Advisors Inc. acquired a new position in Bright Horizons Family Solutions in the first quarter valued at about $40,000. Daiwa Securities Group Inc. boosted its holdings in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $38,000.

Bright Horizons Family Solutions Stock Down 1.2 %

NYSE BFAM opened at $138.30 on Wednesday. The stock has a market capitalization of $8.02 billion, a P/E ratio of 97.39 and a beta of 1.48. Bright Horizons Family Solutions has a 52 week low of $71.65 and a 52 week high of $141.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a fifty day moving average of $130.28 and a 200-day moving average of $116.85.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm had revenue of $670.10 million during the quarter, compared to analyst estimates of $666.17 million. During the same period last year, the company earned $0.54 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that Bright Horizons Family Solutions will post 2.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BFAM. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, September 11th. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $129.25.

Bright Horizons Family Solutions Company Profile

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.