Bright Horizons Family Solutions Inc (BFAM) COO Sells $127,094.00 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 Monday, November 5th. The shares were sold at an average price of $115.54, for a total transaction of $127,094.00. Following the sale, the chief operating officer now owns 30,946 shares of the company’s stock, valued at $3,575,500.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • 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.
  • On Wednesday, September 5th, Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $118.87, for a total transaction of $130,757.00.

Shares of BFAM opened at $117.93 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.34 and a quick ratio of 0.34. Bright Horizons Family Solutions Inc has a 1-year low of $85.55 and a 1-year high of $120.07. The company has a market cap of $6.75 billion, a PE ratio of 46.25, a price-to-earnings-growth ratio of 3.26 and a beta of 0.19.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.73 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.73. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.81%. The business had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $471.85 million. During the same period last year, the company posted $0.62 EPS. The company’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on BFAM. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Wednesday. BMO Capital Markets reduced their price target on shares of Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating for the company in a research report on Tuesday. Robert W. Baird lifted their price target on shares of Bright Horizons Family Solutions from $115.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Finally, Barclays raised their price objective on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $113.36.

Several institutional investors and hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. purchased a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $848,000. JPMorgan Chase & Co. grew its stake in Bright Horizons Family Solutions by 9.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,352,107 shares of the company’s stock worth $159,333,000 after acquiring an additional 120,932 shares during the period. Parametrica Management Ltd purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $228,000. Stone Ridge Asset Management LLC purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $213,000. Finally, Picton Mahoney Asset Management grew its stake in Bright Horizons Family Solutions by 45.2% in the 3rd quarter. Picton Mahoney Asset Management now owns 24,400 shares of the company’s stock worth $2,875,000 after acquiring an additional 7,600 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

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Bright Horizons Family Solutions Company Profile

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

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