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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $126.51 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The stock’s fifty day moving average price is $121.84 and its two-hundred day moving average price is $123.97. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. 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 posted its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company’s stock valued at $603,332,000 after purchasing an additional 101,151 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Bright Horizons Family Solutions by 60.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company’s stock worth $549,654,000 after acquiring an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Bright Horizons Family Solutions by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company’s stock worth $393,141,000 after acquiring an additional 511,905 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after acquiring an additional 423,456 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 29.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock worth $262,752,000 after acquiring an additional 532,644 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have weighed in on BFAM shares. UBS Group lowered their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group lowered their price target 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 report on Friday, November 22nd. Finally, StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.