Bright Horizons Family Solutions Inc. (NYSE:BFAM) Short Interest Down 7.9% in September

Bright Horizons Family Solutions Inc. (NYSE:BFAM) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 366,400 shares, a decrease of 7.9% from the August 31st total of 397,700 shares. Based on an average daily volume of 359,000 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley lifted their price objective on 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of 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. Barclays lifted their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group boosted their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $129.25.

Bright Horizons Family Solutions Stock Down 1.4 %

NYSE:BFAM traded down $1.98 during midday trading on Tuesday, hitting $138.15. 232,821 shares of the company were exchanged, compared to its average volume of 347,068. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $141.90. The company has a market capitalization of $8.01 billion, a PE ratio of 97.96 and a beta of 1.48. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $134.26 and a 200 day simple moving average of $118.29.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.15. The business had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. As a group, equities analysts anticipate that Bright Horizons Family Solutions will post 2.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the sale, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares of the company’s stock, valued at $4,476,186.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total transaction of $327,325.00. Following the completion of the transaction, the director now owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. 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 ninety days. Corporate insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of large investors have recently bought and sold shares of BFAM. Riverview Trust Co acquired a new stake in shares of Bright Horizons Family Solutions during the first quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after acquiring an additional 306 shares during the period. YHB Investment Advisors Inc. purchased a new position in shares of Bright Horizons Family Solutions in the 1st quarter valued at approximately $40,000. Daiwa Securities Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the period.

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.