Insider Selling: 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 business’s 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 sale, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $126.51 on Monday. The firm’s 50 day simple moving average is $122.12 and its 200-day simple moving average is $123.70. The company has a market cap of $7.26 billion, a P/E ratio of 52.71 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate 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 predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BFAM. Y Intercept Hong Kong Ltd grew its position in Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock valued at $787,000 after purchasing an additional 2,739 shares in the last quarter. Cerity Partners LLC grew its position in Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock valued at $4,075,000 after purchasing an additional 11,236 shares in the last quarter. New York Life Investment Management LLC purchased a new position in Bright Horizons Family Solutions during the fourth quarter valued at approximately $679,000. New York State Common Retirement Fund grew its position in Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock valued at $12,768,000 after purchasing an additional 35,959 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Bright Horizons Family Solutions by 560.0% during the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock valued at $1,286,000 after purchasing an additional 7,789 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BFAM shares. Morgan Stanley dropped their price target on shares of 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. UBS Group dropped their price target on shares of 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. Jefferies Financial Group dropped their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Robert W. Baird upgraded shares of 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 upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and an average 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.