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 stock in a transaction on 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 sale, the chief operating officer now owns 29,721 shares in the company, valued at approximately $3,561,764.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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.

BFAM stock opened at $116.26 on Friday. Bright Horizons Family Solutions Inc has a one year low of $90.74 and a one year high of $123.93. The firm has a market cap of $6.93 billion, a P/E ratio of 41.70, a PEG ratio of 3.35 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 earnings results on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The business had revenue of $472.00 million for the quarter, compared to analyst estimates of $471.85 million. During the same quarter last year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts predict that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position 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 valued at $589,678,000 after purchasing an additional 126,335 shares during the period. BlackRock Inc. grew its position 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 valued at $285,410,000 after purchasing an additional 288,576 shares during the period. Massachusetts Financial Services Co. MA grew its position 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 valued at $200,628,000 after purchasing an additional 113,288 shares during the period. Capital World Investors grew 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 valued at $200,033,000 after purchasing an additional 316,987 shares during the period. Finally, JPMorgan Chase & Co. grew 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 valued at $159,333,000 after purchasing an additional 120,932 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

BFAM has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Bank of America initiated coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, October 23rd. They set a “neutral” rating and a $118.00 price target on the stock. Barclays raised their price target on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. JPMorgan Chase & Co. raised their price target on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Finally, Robert W. Baird raised 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. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $113.36.

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

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