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

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 stock was sold at an average price of $127.84, for a total transaction of $108,919.68. Following the completion of the transaction, the chief operating officer now owns 29,200 shares in the company, valued at $3,732,928. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was sold at an average price of $119.70, for a total transaction of $101,984.40.

NYSE:BFAM opened at $127.18 on Wednesday. Bright Horizons Family Solutions Inc has a 1-year low of $91.29 and a 1-year high of $129.32. The stock has a market capitalization of $7.45 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 3.63 and a beta of 0.34. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, February 12th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.11. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.49%. The company had revenue of $478.00 million during the quarter, compared to analyst estimates of $481.48 million. During the same period in the prior year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Bright Horizons Family Solutions Inc will post 3.35 earnings per share for the current fiscal year.

A number of research analysts have recently commented on BFAM shares. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Citigroup upped their price objective on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Bank of America reaffirmed a “neutral” rating and issued a $123.00 price objective (up from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. Finally, BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Five investment 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.

Several hedge funds have recently added to or reduced their stakes 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 valued at $589,678,000 after buying an additional 126,335 shares during 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 valued at $589,678,000 after buying an additional 126,335 shares during 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 valued at $327,460,000 after buying an additional 170,349 shares during 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 valued at $210,494,000 after buying an additional 186,139 shares during 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 valued at $159,333,000 after buying an additional 120,932 shares during the last quarter. 97.50% of the stock is owned by institutional investors and hedge funds.

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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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