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 transaction of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 shares were 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 shares were sold at an average price of $120.00, for a total transaction 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 transaction of $88,160.00.
• On Monday, June 10th, Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $106.42, for a total transaction of $85,136.00.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock opened at $137.51 on Friday. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 96.84 and a beta of 1.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50-day moving average of $126.12 and a 200 day moving average of $115.34. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The firm had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. As a group, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Analysts Set New Price Targets

BFAM has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their price target 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. Robert W. Baird raised their price target 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 target on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Barclays raised their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $133.43.

Institutional Trading of Bright Horizons Family Solutions

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in Bright Horizons Family Solutions by 6.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 119 shares in the last quarter. MJP Associates Inc. ADV raised its holdings in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after purchasing an additional 157 shares in the last quarter. SYSTM Wealth Solutions LLC raised its holdings in shares of Bright Horizons Family Solutions by 7.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock valued at $262,000 after purchasing an additional 164 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares in the last quarter.

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.