Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Mandy Berman sold 2,250 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $65.00, for a total value of $146,250.00. Following the completion of the transaction, the chief accounting officer now owns 41,705 shares in the company, valued at approximately $2,710,825. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mandy Berman also recently made the following trade(s):

  • On Thursday, September 15th, Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $67.02, for a total value of $150,795.00.
  • On Monday, August 15th, Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $66.53, for a total value of $149,692.50.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 65.23 on Wednesday. Bright Horizons Family Solutions Inc. has a 1-year low of $59.85 and a 1-year high of $70.59. The company has a 50 day moving average price of $67.06 and a 200-day moving average price of $66.20. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 40.49 and a beta of 0.15.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. Bright Horizons Family Solutions had a return on equity of 16.43% and a net margin of 6.53%. The company had revenue of $402 million for the quarter, compared to analyst estimates of $403.09 million. During the same period in the previous year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post $2.19 EPS for the current fiscal year.

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

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Bright Horizons Family Solutions by 2.8% in the first quarter. State Street Corp now owns 633,172 shares of the company’s stock worth $41,018,000 after buying an additional 17,212 shares during the last quarter. Eqis Capital Management Inc. raised its stake in Bright Horizons Family Solutions by 9.3% in the second quarter. Eqis Capital Management Inc. now owns 4,738 shares of the company’s stock worth $314,000 after buying an additional 403 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Bright Horizons Family Solutions during the second quarter worth about $942,000. Teachers Advisors Inc. raised its stake in Bright Horizons Family Solutions by 11.1% in the first quarter. Teachers Advisors Inc. now owns 58,994 shares of the company’s stock worth $3,822,000 after buying an additional 5,909 shares during the last quarter. Finally, Invictus RG raised its stake in Bright Horizons Family Solutions by 655.6% in the first quarter. Invictus RG now owns 1,821 shares of the company’s stock worth $118,000 after buying an additional 1,580 shares during the last quarter.

Several analysts recently weighed in on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Bright Horizons Family Solutions in a research note on Friday, September 16th. Jefferies Group raised Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 price objective on the stock in a research note on Monday, August 15th. Finally, JPMorgan Chase & Co. raised Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $76.00 in a research note on Monday, August 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and a consensus target price of $73.43.

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. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

5 Day Chart for NYSE:BFAM

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