Mary Lou Burke Sells 1,000 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares of the company’s stock, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bright Horizons Family Solutions Trading Up 2.5 %

NYSE:BFAM opened at $126.51 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7.26 billion, a PE ratio of 52.71 and a beta of 1.50. The firm’s 50 day moving average is $122.12 and its 200 day moving average is $123.79. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. The Goldman Sachs Group cut their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 27th. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research note on Friday, November 22nd. Jefferies Financial Group cut their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, UBS Group cut their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $25,000. Atala Financial Inc bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $32,000. True Wealth Design LLC bought a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at $49,000. Tortoise Investment Management LLC raised its holdings in Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock valued at $46,000 after acquiring an additional 181 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after purchasing an additional 145 shares during the period.

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.