Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Sells $124,690.00 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock traded up $3.13 during mid-day trading on Friday, hitting $126.51. 267,343 shares of the stock traded hands, compared to its average volume of 409,981. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company’s 50-day simple moving average is $121.84 and its 200-day simple moving average is $123.97. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 52.71 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. As a group, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Institutional Trading of Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. boosted its holdings in Bright Horizons Family Solutions by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after buying an additional 96 shares in the last quarter. Bank of Montreal Can lifted its position 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 valued at $323,000 after acquiring an additional 101 shares during the last quarter. Accretive Wealth Partners LLC boosted its stake in shares of Bright Horizons Family Solutions by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after acquiring an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after acquiring an additional 113 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Bright Horizons Family Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock worth $1,681,000 after purchasing an additional 129 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group decreased their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group reduced their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, December 27th. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research note on Friday, November 22nd. Finally, Morgan Stanley decreased their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

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.