Mary Lou Burke Sells 1,100 Shares of Bright Horizons Family Solutions Inc (BFAM) Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) COO Mary Lou Burke sold 1,100 shares of the company’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bright Horizons Family Solutions Inc (NYSE BFAM) traded up $0.48 on Friday, reaching $97.80. 223,532 shares of the company were exchanged, compared to its average volume of 199,989. The firm has a market cap of $5,800.00, a price-to-earnings ratio of 48.18, a price-to-earnings-growth ratio of 2.27 and a beta of 0.13. Bright Horizons Family Solutions Inc has a 1-year low of $65.00 and a 1-year high of $98.48. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The business 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 business’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. analysts forecast that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. 1st Global Advisors Inc. lifted its position in shares of Bright Horizons Family Solutions by 1.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after buying an additional 75 shares during the last quarter. Argent Capital Management LLC lifted its position in shares of Bright Horizons Family Solutions by 2.5% in the 2nd quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after buying an additional 150 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Bright Horizons Family Solutions by 5.2% in the 2nd quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after buying an additional 225 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Bright Horizons Family Solutions by 8.6% in the 2nd quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after buying an additional 295 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Bright Horizons Family Solutions by 7.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,682 shares of the company’s stock worth $516,000 after buying an additional 446 shares during the last quarter. 98.65% of the stock is owned by institutional investors.

Several analysts have recently commented on the stock. Credit Suisse Group increased their price target on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. BMO Capital Markets reissued a “hold” rating and set a $98.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, January 17th. BidaskClub downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 10th. Barclays increased their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $98.25.

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About Bright Horizons Family Solutions

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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