Insider Selling: Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Sells $102,936.00 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $128.67, for a total value of $102,936.00. Following the completion of the sale, the chief operating officer now owns 32,625 shares of the company’s stock, valued at approximately $4,197,858.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, August 2nd, Mary Lou Burke sold 14,500 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $130.90, for a total value of $1,898,050.00.
• On Monday, July 15th, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $120.00, for a total value of $120,000.00.
• On Friday, July 5th, Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $110.20, for a total value of $88,160.00.
• On Monday, June 10th, Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $106.42, for a total value of $85,136.00.

Bright Horizons Family Solutions Stock Performance

BFAM opened at $132.03 on Friday. The company has a market cap of $7.66 billion, a PE ratio of 92.98, a price-to-earnings-growth ratio of 4.44 and a beta of 1.45. The stock has a 50-day moving average of $113.04 and a 200-day moving average of $110.16. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $136.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.15. The company had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a return on equity of 13.08% and a net margin of 3.98%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. As a group, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

Institutional Trading of Bright Horizons Family Solutions

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in Bright Horizons Family Solutions by 5.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 315,078 shares of the company’s stock valued at $34,684,000 after purchasing an additional 15,291 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Bright Horizons Family Solutions by 14.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 14,938 shares of the company’s stock valued at $1,644,000 after purchasing an additional 1,912 shares during the period. American Century Companies Inc. boosted its stake in Bright Horizons Family Solutions by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 414,165 shares of the company’s stock valued at $45,591,000 after purchasing an additional 22,316 shares during the period. Daiwa Securities Group Inc. boosted its stake in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares during the period. Finally, Quest Partners LLC boosted its stake in Bright Horizons Family Solutions by 240.5% during the 2nd quarter. Quest Partners LLC now owns 7,713 shares of the company’s stock valued at $849,000 after purchasing an additional 5,448 shares during the period.

Wall Street Analysts Forecast Growth

BFAM has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their target price on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and a consensus target price of $128.43.

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.