Mary Lou Burke Sells 800 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 5th, Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $128.67, for a total transaction of $102,936.00.
• On Friday, August 2nd, Mary Lou Burke sold 14,500 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00.
• On Monday, July 15th, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $120.00, for a total value of $120,000.00.
• On Friday, July 5th, Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $110.20, for a total value of $88,160.00.
• On Monday, June 10th, Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $106.42, for a total value of $85,136.00.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock traded down $3.20 during trading hours on Friday, hitting $137.51. The stock had a trading volume of 401,202 shares, compared to its average volume of 353,351. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions Inc. has a one year low of $71.65 and a one year high of $141.90. The stock’s 50-day moving average price is $125.57 and its two-hundred day moving average price is $115.16. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 96.84 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. During the same period in the prior year, the company earned $0.54 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

Analyst Upgrades and Downgrades

BFAM has been the subject of several analyst reports. Robert W. Baird increased their target price on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group upped their target price on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays boosted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and an average target price of $133.43.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in BFAM. Norges Bank bought a new stake in Bright Horizons Family Solutions during the fourth quarter worth approximately $57,363,000. Lord Abbett & CO. LLC bought a new position in Bright Horizons Family Solutions during the first quarter valued at $64,735,000. Public Employees Retirement Association of Colorado raised its stake in shares of Bright Horizons Family Solutions by 4,227.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock valued at $27,709,000 after acquiring an additional 287,229 shares during the period. Millennium Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth about $28,995,000. Finally, M&G Plc purchased a new position in shares of Bright Horizons Family Solutions during the 1st quarter worth about $27,467,000.

Bright Horizons Family Solutions Company Profile

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.