Bright Horizons Family Solutions Inc (BFAM) COO Sells $103,928.00 in Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) COO Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $94.48, for a total transaction of $103,928.00. Following the transaction, the chief operating officer now owns 31,161 shares in the company, valued at $2,944,091.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Bright Horizons Family Solutions Inc (BFAM) traded up $0.01 during trading hours on Friday, hitting $95.44. 137,132 shares of the company’s stock were exchanged, compared to its average volume of 188,193. The firm has a market cap of $5,660.45, a price-to-earnings ratio of 47.48, a P/E/G ratio of 1.67 and a beta of 0.13. Bright Horizons Family Solutions Inc has a 52 week low of $65.00 and a 52 week high of $95.91. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $433.30 million during the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. sell-side analysts expect that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current year.

Several large investors have recently modified their holdings of the business. Acrospire Investment Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after purchasing an additional 1,000 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter valued at $123,000. Advisor Group Inc. lifted its stake in shares of Bright Horizons Family Solutions by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after purchasing an additional 1,354 shares during the last quarter. Zions Bancorporation acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $170,000. Finally, Keybank National Association OH acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $221,000. 98.70% of the stock is owned by institutional investors.

Several research firms have weighed in on BFAM. Robert W. Baird reiterated a “hold” rating and set a $100.00 price objective on shares of Bright Horizons Family Solutions in a research report on Tuesday. Barclays lifted their price objective on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. BidaskClub upgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Royal Bank of Canada reiterated a “buy” rating and set a $89.00 price objective on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 20th. Finally, Macquarie began coverage on shares of Bright Horizons Family Solutions in a research report on Thursday, December 21st. They set a “neutral” rating and a $95.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bright Horizons Family Solutions has an average rating of “Hold” and an average price target of $96.13.

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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 as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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