Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $78.56, for a total value of $392,800.00. Following the completion of the sale, the chief operating officer now directly owns 32,354 shares in the company, valued at approximately $2,541,730.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Wednesday, July 19th, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $79.98, for a total value of $79,980.00.
  • On Wednesday, July 5th, Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $76.60, for a total value of $383,000.00.
  • On Monday, June 5th, Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $77.76, for a total value of $388,800.00.

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded up 0.32% during mid-day trading on Tuesday, reaching $79.42. The company’s stock had a trading volume of 241,345 shares. The company has a 50 day moving average of $78.02 and a 200-day moving average of $74.06. Bright Horizons Family Solutions Inc. has a 12 month low of $59.00 and a 12 month high of $82.00. The firm has a market capitalization of $4.69 billion, a P/E ratio of 42.45 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a return on equity of 19.32% and a net margin of 6.91%. The company had revenue of $445.55 million for the quarter, compared to analyst estimates of $443.90 million. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current year.

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Several analysts recently issued reports on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Tuesday, May 9th. BidaskClub downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. reissued a “buy” rating and issued a $92.00 price target (up previously from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and issued a $83.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, May 5th. Finally, Credit Suisse Group downgraded Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $80.00 to $83.00 in a report on Friday, May 12th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Bright Horizons Family Solutions has a consensus rating of “Buy” and an average price target of $81.75.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado acquired a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $123,000. FTB Advisors Inc. increased its position in shares of Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock valued at $126,000 after buying an additional 857 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock valued at $190,000 after buying an additional 1,193 shares during the last quarter. Connable Office Inc. acquired a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $208,000. Finally, Comerica Bank acquired a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $230,000. 98.81% of the stock is currently owned by institutional investors and hedge funds.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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