Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Sells $128,990.00 in Stock

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 firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $128.99, for a total value 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 represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 value of $122,560.00.

Bright Horizons Family Solutions Stock Down 1.1%

Shares of Bright Horizons Family Solutions stock traded down $1.36 during midday trading on Monday, hitting $123.74. The company had a trading volume of 921,615 shares, compared to its average volume of 485,088. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $7.08 billion, a P/E ratio of 40.57 and a beta of 1.34. The company has a 50 day moving average of $120.82 and a 200 day moving average of $122.07. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 60.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock valued at $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Bright Horizons Family Solutions by 23.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock worth $557,959,000 after acquiring an additional 845,391 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Bright Horizons Family Solutions by 3.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,200,371 shares of the company's stock worth $406,575,000 after acquiring an additional 95,860 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock worth $328,908,000 after acquiring an additional 29,425 shares during the period. Finally, Bamco Inc. NY lifted its position in Bright Horizons Family Solutions by 4.7% during the 4th quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock worth $172,846,000 after acquiring an additional 69,940 shares during the period.

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.

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