Bright Horizons Family Solutions Inc (BFAM) COO Sells $131,824.00 in Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) COO Mary Lou Burke sold 1,100 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $119.84, for a total transaction of $131,824.00. Following the completion of the transaction, the chief operating officer now directly owns 29,721 shares in the company, valued at $3,561,764.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mary Lou Burke also recently made the following trade(s):

  • On Monday, November 5th, Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $115.54, for a total transaction of $127,094.00.
  • On Friday, October 5th, Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $113.34, for a total transaction of $124,674.00.

Shares of Bright Horizons Family Solutions stock traded down $2.01 on Thursday, reaching $119.16. The stock had a trading volume of 10,884 shares, compared to its average volume of 261,363. Bright Horizons Family Solutions Inc has a 1 year low of $89.22 and a 1 year high of $123.93. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 3.40 and a beta of 0.23. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $471.85 million. During the same period in the prior year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current year.

BFAM has been the topic of several recent research reports. Barclays upped their price objective on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $115.00 to $122.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. upped their price objective on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Wednesday, November 7th. Finally, Bank of America initiated coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, October 23rd. They set a “neutral” rating and a $118.00 price objective on the stock. Eight 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 currently has a consensus rating of “Hold” and a consensus price target of $113.36.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 2.6% in the third quarter. Vanguard Group Inc. now owns 5,004,064 shares of the company’s stock worth $589,678,000 after buying an additional 126,335 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 11.6% in the second quarter. BlackRock Inc. now owns 2,783,957 shares of the company’s stock worth $285,410,000 after buying an additional 288,576 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Bright Horizons Family Solutions by 7.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,702,549 shares of the company’s stock worth $200,628,000 after buying an additional 113,288 shares in the last quarter. Capital World Investors increased its position in shares of Bright Horizons Family Solutions by 23.0% in the third quarter. Capital World Investors now owns 1,697,500 shares of the company’s stock worth $200,033,000 after purchasing an additional 316,987 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Bright Horizons Family Solutions by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 1,352,107 shares of the company’s stock worth $159,333,000 after purchasing an additional 120,932 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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