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

Key Points

• Bright Horizons Family Solutions COO Mary Lou Burke sold 1,000 shares of the company's stock for $128,990, decreasing her ownership by 3.40% to a total of 28,449 shares valued at approximately $3.67 million.
• The company's stock price fell 1.1% to $123.74, with a market capitalization of $7.08 billion and a P/E ratio of 40.57, as it continues to experience fluctuations within a 52-week range of $103.75 to $141.90.
• A range of analyst ratings has emerged, with Jefferies downgrading the stock from "buy" to "hold" and lowering the price target from $146 to $135, while it maintains a "Moderate Buy" consensus rating with an average price target of $137.75.

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the completion of the transaction, the chief operating officer owned 28,449 shares in the company, valued at $3,669,636.51. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, July 1st, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $122.56, for a total transaction of $122,560.00.

Bright Horizons Family Solutions Stock Up 0.0%

BFAM stock traded up $0.01 during midday trading on Friday, hitting $120.23. The company's stock had a trading volume of 189,784 shares, compared to its average volume of 491,259. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90. The company's fifty day moving average price is $120.07 and its 200 day moving average price is $122.08. The stock has a market capitalization of $6.88 billion, a P/E ratio of 39.46 and a beta of 1.34.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.07. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.31%. The company had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. During the same period in the prior year, the company posted $0.88 earnings per share. Bright Horizons Family Solutions's revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price target for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $137.75.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its position in Bright Horizons Family Solutions by 11.4% in the fourth quarter. LPL Financial LLC now owns 40,068 shares of the company's stock valued at $4,442,000 after buying an additional 4,108 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Bright Horizons Family Solutions by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 929,542 shares of the company's stock worth $103,075,000 after buying an additional 4,710 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Bright Horizons Family Solutions by 140.3% during the 4th quarter. Russell Investments Group Ltd. now owns 9,359 shares of the company's stock worth $1,037,000 after buying an additional 5,465 shares during the period. Federated Hermes Inc. raised its stake in shares of Bright Horizons Family Solutions by 194.8% during the 4th quarter. Federated Hermes Inc. now owns 914 shares of the company's stock worth $101,000 after buying an additional 604 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Bright Horizons Family Solutions by 3.6% during the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock worth $323,000 after buying an additional 101 shares during the period.

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.