Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Sells $1,898,050.00 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 14,500 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $130.90, for a total value of $1,898,050.00. Following the completion of the transaction, the chief operating officer now owns 33,425 shares in the company, valued at approximately $4,375,332.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $128.67, for a total transaction of $102,936.00.
• 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 stock was 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 shares were sold at an average price of $106.42, for a total value of $85,136.00.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $132.03 on Friday. The company has a 50 day simple moving average of $113.04 and a two-hundred day simple moving average of $110.16. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 92.98, a PEG ratio of 4.44 and a beta of 1.45. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.76. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $136.22.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The company had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 13.08%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, analysts predict that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current year.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds have recently modified their holdings of BFAM. Envestnet Asset Management Inc. lifted its holdings in Bright Horizons Family Solutions by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 315,078 shares of the company’s stock valued at $34,684,000 after acquiring an additional 15,291 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Bright Horizons Family Solutions by 14.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 14,938 shares of the company’s stock valued at $1,644,000 after purchasing an additional 1,912 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Bright Horizons Family Solutions by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 414,165 shares of the company’s stock valued at $45,591,000 after purchasing an additional 22,316 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares in the last quarter. Finally, Quest Partners LLC grew its position in Bright Horizons Family Solutions by 240.5% during the second quarter. Quest Partners LLC now owns 7,713 shares of the company’s stock valued at $849,000 after buying an additional 5,448 shares during the period.

Wall Street Analysts Forecast Growth

BFAM has been the subject of a number of research analyst reports. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Robert W. Baird boosted 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 research 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, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $128.43.

About Bright Horizons Family Solutions

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.