Bright Horizons Family Solutions (NYSE:BFAM) COO Sells $108,520.00 in Stock

Key Points

• Mary Lou Burke, the COO of Bright Horizons Family Solutions, sold 1,000 shares for a total of $108,520, reducing her ownership by 3.64% to 26,449 shares.
• Bright Horizons posted a quarterly earnings per share (EPS) of $1.07, surpassing estimates and reflecting a 9.2% year-over-year revenue increase with $731.57 million in total revenue.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of $134.57, despite some firms lowering their respective target prices.

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total value of $108,520.00. Following the completion of the sale, the chief operating officer directly owned 26,449 shares in the company, valued at $2,870,245.48. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 1st, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $128.99, for a total value of $128,990.00.

Bright Horizons Family Solutions Price Performance

Shares of BFAM traded down $1.38 during mid-day trading on Thursday, hitting $106.61. 372,074 shares of the stock were exchanged, compared to its average volume of 512,879. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $6.06 billion, a PE ratio of 34.95 and a beta of 1.33. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $139.68. The firm has a 50-day moving average of $115.49 and a two-hundred day moving average of $119.68.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The company had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Bright Horizons Family Solutions's revenue was up 9.2% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. On average, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Institutional Trading of Bright Horizons Family Solutions

A number of large investors have recently made changes to their positions in the stock. Larson Financial Group LLC grew its holdings in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after purchasing an additional 79 shares during the last quarter. Twin Tree Management LP purchased a new stake in Bright Horizons Family Solutions in the 1st quarter valued at about $29,000. Parallel Advisors LLC grew its stake in Bright Horizons Family Solutions by 79.9% in the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock worth $41,000 after acquiring an additional 143 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Bright Horizons Family Solutions by 98.8% during the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock worth $43,000 after acquiring an additional 167 shares during the period. Finally, HM Payson & Co. bought a new stake in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $50,000.

Analysts Set New Price Targets

BFAM has been the subject of a number of recent research reports. Morgan Stanley dropped their target price 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. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $134.57.

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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