Bright Horizons Family Solutions (NYSE:BFAM) Shares Down 8% – Here’s What Happened

Bright Horizons Family Solutions Inc. (NYSE:BFAM)’s share price was down 8% during trading on Tuesday . The stock traded as low as $121.84 and last traded at $122.17. Approximately 105,278 shares traded hands during trading, a decline of 70% from the average daily volume of 353,554 shares. The stock had previously closed at $132.83.

Analyst Ratings Changes

Several equities research analysts have recently commented on BFAM shares. Robert W. Baird upped their price target on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays upped their price target on 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. The Goldman Sachs Group upped their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets upped 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 note on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.13.

Bright Horizons Family Solutions Price Performance

The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 66.84 and a beta of 1.49. The company has a fifty day simple moving average of $135.42 and a two-hundred day simple moving average of $122.24.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. Bright Horizons Family Solutions’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by corporate insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after acquiring an additional 29,942 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Bright Horizons Family Solutions by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock worth $337,832,000 after buying an additional 44,893 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Bright Horizons Family Solutions by 3.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after buying an additional 87,256 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after buying an additional 51,024 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its stake in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after buying an additional 2,649 shares during the last quarter.

About Bright Horizons Family Solutions

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.