Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Sells $122,560.00 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total transaction of $122,560.00. Following the sale, the chief operating officer owned 29,449 shares of the company's stock, valued at $3,609,269.44. This represents a 3.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 1st, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $125.36, for a total value of $125,360.00.

Bright Horizons Family Solutions Stock Down 0.3%

Shares of NYSE BFAM traded down $0.34 during midday trading on Friday, hitting $120.58. The company's stock had a trading volume of 157,122 shares, compared to its average volume of 470,109. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 43.53 and a beta of 1.30. The business's fifty day simple moving average is $124.27 and its two-hundred day simple moving average is $121.44. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The company had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. On average, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of hedge funds have recently bought and sold shares of BFAM. Militia Capital Partners LP grew its position in shares of Bright Horizons Family Solutions by 300.0% during the first quarter. Militia Capital Partners LP now owns 2,400 shares of the company's stock worth $305,000 after buying an additional 1,800 shares in the last quarter. Inspire Investing LLC purchased a new position in Bright Horizons Family Solutions in the first quarter worth approximately $2,195,000. Strs Ohio acquired a new position in Bright Horizons Family Solutions during the 1st quarter worth approximately $1,244,000. Geneos Wealth Management Inc. increased its position in shares of Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock valued at $43,000 after purchasing an additional 167 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Bright Horizons Family Solutions by 70.5% in the 1st quarter. Focus Partners Wealth now owns 4,516 shares of the company's stock valued at $574,000 after purchasing an additional 1,868 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BFAM shares. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price target for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley upped their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.67.

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.