Insider Selling: Bright Horizons Family Solutions (NYSE:BFAM) CAO Sells 500 Shares of Stock

Bright Horizons Family Solutions (NYSE:BFAM) CAO Mandy Berman sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $99.85, for a total transaction of $49,925.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mandy Berman also recently made the following trade(s):

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  • On Monday, April 2nd, Mandy Berman sold 500 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $99.66, for a total transaction of $49,830.00.

NYSE BFAM opened at $96.10 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.40. The stock has a market cap of $5,803.89, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 2.25 and a beta of 0.07. Bright Horizons Family Solutions has a one year low of $70.79 and a one year high of $105.04.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 8th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.99 million. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.69%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. equities research analysts expect that Bright Horizons Family Solutions will post 2.93 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors boosted its stake in Bright Horizons Family Solutions by 3.2% in the 3rd quarter. Nationwide Fund Advisors now owns 398,379 shares of the company’s stock worth $34,344,000 after purchasing an additional 12,317 shares in the last quarter. First Trust Advisors LP increased its holdings in Bright Horizons Family Solutions by 244.6% in the 3rd quarter. First Trust Advisors LP now owns 40,831 shares of the company’s stock worth $3,520,000 after acquiring an additional 28,982 shares in the last quarter. Aperio Group LLC increased its holdings in Bright Horizons Family Solutions by 22.2% in the 3rd quarter. Aperio Group LLC now owns 7,447 shares of the company’s stock worth $642,000 after acquiring an additional 1,353 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Bright Horizons Family Solutions by 25.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 46,448 shares of the company’s stock worth $4,004,000 after acquiring an additional 9,340 shares in the last quarter. Finally, Keybank National Association OH purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $221,000. 99.04% of the stock is currently owned by institutional investors and hedge funds.

BFAM has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $89.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Macquarie initiated coverage on shares of Bright Horizons Family Solutions in a research note on Thursday, December 21st. They issued a “neutral” rating and a $95.00 price target on the stock. Barclays reaffirmed a “buy” rating and issued a $105.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $100.00 price target on shares of Bright Horizons Family Solutions in a research note on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus target price of $101.67.

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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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