Bright Horizons Family Solutions (BFAM) COO Mary Lou Burke Sells 1,500 Shares

Bright Horizons Family Solutions (NYSE:BFAM) COO Mary Lou Burke sold 1,500 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $101.00, for a total transaction of $151,500.00. Following the completion of the sale, the chief operating officer now directly owns 30,096 shares of the company’s stock, valued at approximately $3,039,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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  • On Monday, March 5th, Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $95.50, for a total transaction of $105,050.00.
  • On Wednesday, February 21st, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $98.00, for a total transaction of $98,000.00.
  • On Monday, February 5th, Mary Lou Burke sold 2,350 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $96.33, for a total transaction of $226,375.50.
  • On Friday, January 5th, Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $94.48, for a total transaction of $103,928.00.

Shares of Bright Horizons Family Solutions stock traded up $0.20 on Monday, reaching $101.37. The company had a trading volume of 163,736 shares, compared to its average volume of 201,485. Bright Horizons Family Solutions has a 52-week low of $68.87 and a 52-week high of $101.46. The company has a market capitalization of $5,925.12, a PE ratio of 39.05, a PEG ratio of 2.30 and a beta of 0.19. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.42 and a quick ratio of 0.42.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.69% and a net margin of 9.02%. The firm had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $438.99 million. During the same period last year, the business posted $0.56 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. sell-side analysts predict that Bright Horizons Family Solutions will post 2.93 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in BFAM. Schwab Charles Investment Management Inc. increased its position in Bright Horizons Family Solutions by 11.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 290,698 shares of the company’s stock worth $27,326,000 after buying an additional 29,775 shares during the period. Carillon Tower Advisers Inc. acquired a new stake in Bright Horizons Family Solutions in the fourth quarter worth $47,584,000. First Trust Advisors LP increased its position in Bright Horizons Family Solutions by 244.6% in the third quarter. First Trust Advisors LP now owns 40,831 shares of the company’s stock worth $3,520,000 after buying an additional 28,982 shares during the period. Dean Capital Investments Management LLC acquired a new stake in Bright Horizons Family Solutions in the fourth quarter worth $887,000. Finally, Invictus RG acquired a new stake in Bright Horizons Family Solutions in the fourth quarter worth $402,000. Hedge funds and other institutional investors own 98.73% of the company’s stock.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. BMO Capital Markets reiterated a “hold” rating and set a $98.00 target price on shares of Bright Horizons Family Solutions in a research note on Wednesday, January 17th. Royal Bank of Canada reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, February 9th. Citigroup increased their target price on Bright Horizons Family Solutions to $107.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Robert W. Baird reiterated a “hold” rating and set a $100.00 target price on shares of Bright Horizons Family Solutions in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $100.13.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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