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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief operating officer now directly owns 35,925 shares of the company’s stock, valued at $4,311,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, July 5th, Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock. The shares were 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 transaction of $85,136.00.

Bright Horizons Family Solutions Stock Up 2.5 %

Shares of Bright Horizons Family Solutions stock traded up $2.91 during trading on Tuesday, reaching $121.60. The company’s stock had a trading volume of 277,167 shares, compared to its average volume of 337,609. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 83.59, a P/E/G ratio of 4.30 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $122.03. The company has a 50-day simple moving average of $108.52 and a two-hundred day simple moving average of $106.92.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. The company had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. As a group, equities analysts forecast 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 institutional investors and hedge funds have recently added to or reduced their stakes in BFAM. LVW Advisors LLC raised its stake in shares of Bright Horizons Family Solutions by 8.8% during the 2nd quarter. LVW Advisors LLC now owns 5,483 shares of the company’s stock valued at $604,000 after buying an additional 443 shares during the last quarter. MJP Associates Inc. ADV increased its stake in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after purchasing an additional 157 shares in the last quarter. Thrive Wealth Management LLC purchased a new position in shares of Bright Horizons Family Solutions in the 2nd quarter valued at about $207,000. OLD National Bancorp IN acquired a new position in Bright Horizons Family Solutions in the 2nd quarter worth about $339,000. Finally, Aurora Investment Counsel boosted its position in Bright Horizons Family Solutions by 1.4% during the first quarter. Aurora Investment Counsel now owns 17,713 shares of the company’s stock worth $2,008,000 after purchasing an additional 252 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BFAM. The Goldman Sachs Group raised their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. BMO Capital Markets increased their target price on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Robert W. Baird lifted their price target on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $107.43.

Bright Horizons Family Solutions Company Profile

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.