Insider Selling: Bright Horizons Family Solutions Inc. (BFAM) COO Sells $392,800.00 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) COO Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Monday, August 7th. The stock was sold at an average price of $78.56, for a total transaction of $392,800.00. Following the transaction, the chief operating officer now directly owns 32,354 shares in the company, valued at $2,541,730.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, August 15th, Mary Lou Burke sold 2,000 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $79.98, for a total transaction of $159,960.00.
  • On Wednesday, July 19th, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $79.98, for a total transaction of $79,980.00.
  • On Wednesday, July 5th, Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $76.60, for a total transaction of $383,000.00.
  • On Monday, June 5th, Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $77.76, for a total transaction of $388,800.00.

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 79.50 on Friday. The stock has a 50 day moving average of $78.58 and a 200 day moving average of $74.73. Bright Horizons Family Solutions Inc. has a one year low of $59.00 and a one year high of $82.00. The stock has a market cap of $4.70 billion, a P/E ratio of 42.42 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The firm had revenue of $445.55 million during the quarter, compared to analysts’ expectations of $443.90 million. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was first posted by BNB Daily and is the property of of BNB Daily. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/mary-lou-burke-sells-5000-shares-of-bright-horizons-family-solutions-inc-bfam-stock-updated.html.

A number of institutional investors have recently added to or reduced their stakes in BFAM. State Board of Administration of Florida Retirement System raised its position in shares of Bright Horizons Family Solutions by 0.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,708 shares of the company’s stock valued at $1,501,000 after buying an additional 150 shares during the period. Eqis Capital Management Inc. raised its position in shares of Bright Horizons Family Solutions by 20.6% in the first quarter. Eqis Capital Management Inc. now owns 5,229 shares of the company’s stock valued at $379,000 after buying an additional 892 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $1,836,000. Geneva Advisors LLC raised its position in shares of Bright Horizons Family Solutions by 7.0% in the first quarter. Geneva Advisors LLC now owns 580,612 shares of the company’s stock valued at $42,089,000 after buying an additional 37,786 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Bright Horizons Family Solutions by 11.3% in the first quarter. Wells Fargo & Company MN now owns 1,745,902 shares of the company’s stock valued at $126,561,000 after buying an additional 176,751 shares during the period.

BFAM has been the subject of several recent research reports. BMO Capital Markets restated a “hold” rating and issued a $83.00 price target on shares of Bright Horizons Family Solutions in a research report on Monday, May 15th. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Credit Suisse Group lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $80.00 to $83.00 in a research note on Friday, May 12th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Bright Horizons Family Solutions presently has an average rating of “Buy” and an average price target of $83.67.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Insider Buying and Selling by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply