Mary Lou Burke Sells 800 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $110.20, for a total transaction of $88,160.00. Following the sale, the chief operating officer now directly owns 36,925 shares of the company’s stock, valued at $4,069,135. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 Down 2.0 %

BFAM opened at $107.74 on Wednesday. The company has a market capitalization of $6.25 billion, a PE ratio of 75.87, a price-to-earnings-growth ratio of 4.18 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.51 and a quick ratio of 0.51. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $119.21. The business has a 50-day moving average of $108.10 and a 200-day moving average of $106.43.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm had revenue of $622.71 million for the quarter, compared to analyst estimates of $614.60 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently modified their holdings of BFAM. SYSTM Wealth Solutions LLC raised its holdings in Bright Horizons Family Solutions by 7.7% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock valued at $262,000 after buying an additional 164 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Bright Horizons Family Solutions by 2.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock valued at $1,082,000 after acquiring an additional 215 shares during the last quarter. Riverview Trust Co bought a new position in shares of Bright Horizons Family Solutions in the 1st quarter valued at approximately $25,000. Truist Financial Corp raised its stake in shares of Bright Horizons Family Solutions by 0.3% in the 4th quarter. Truist Financial Corp now owns 90,399 shares of the company’s stock valued at $8,519,000 after acquiring an additional 227 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Bright Horizons Family Solutions by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 25,470 shares of the company’s stock worth $2,400,000 after purchasing an additional 250 shares during the last quarter.

Analyst Ratings Changes

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

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.