Mary Lou Burke Sells 852 Shares of Bright Horizons Family Solutions Inc (BFAM) Stock

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Bright Horizons Family Solutions Inc (NYSE:BFAM) COO Mary Lou Burke sold 852 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $127.84, for a total transaction of $108,919.68. Following the completion of the sale, the chief operating officer now directly owns 29,200 shares of the company’s stock, valued at approximately $3,732,928. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, February 15th, Mary Lou Burke sold 852 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $119.70, for a total transaction of $101,984.40.

BFAM stock traded down $0.46 during mid-day trading on Monday, hitting $128.06. 172,498 shares of the company were exchanged, compared to its average volume of 173,101. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $7.44 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 3.62 and a beta of 0.34. Bright Horizons Family Solutions Inc has a 12-month low of $91.29 and a 12-month high of $128.79.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, February 12th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.11. The company had revenue of $478.00 million during the quarter, compared to analyst estimates of $481.48 million. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.49%. Bright Horizons Family Solutions’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc will post 3.35 EPS for the current fiscal year.

BFAM has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Bank of America reissued a “neutral” rating and issued a $123.00 price objective (up previously from $115.00) on shares of Bright Horizons Family Solutions in a report on Wednesday, February 13th. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. Finally, Citigroup upped their price objective on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus target price of $124.71.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 2.6% during the third quarter. Vanguard Group Inc. now owns 5,004,064 shares of the company’s stock worth $589,678,000 after purchasing an additional 126,335 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Bright Horizons Family Solutions by 2.6% during the third quarter. Vanguard Group Inc now owns 5,004,064 shares of the company’s stock worth $589,678,000 after purchasing an additional 126,335 shares in the last quarter. BlackRock Inc. lifted its position in shares of Bright Horizons Family Solutions by 6.2% during the fourth quarter. BlackRock Inc. now owns 2,938,167 shares of the company’s stock worth $327,460,000 after purchasing an additional 170,349 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Bright Horizons Family Solutions by 10.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,888,688 shares of the company’s stock worth $210,494,000 after purchasing an additional 186,139 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Bright Horizons Family Solutions by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 1,352,107 shares of the company’s stock worth $159,333,000 after purchasing an additional 120,932 shares in the last quarter. 97.50% of the stock is owned by institutional investors.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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

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