Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Mandy Berman sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $71.61, for a total value of $161,122.50. Following the completion of the sale, the chief accounting officer now directly owns 43,325 shares of the company’s stock, valued at $3,102,503.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, October 17th, Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $65.00, for a total value of $146,250.00.
  • 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.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 70.80 on Thursday. The firm’s 50-day moving average price is $66.52 and its 200-day moving average price is $66.51. Bright Horizons Family Solutions Inc. has a 1-year low of $59.00 and a 1-year high of $72.80. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 42.83 and a beta of 0.17.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, November 1st. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. Bright Horizons Family Solutions had a return on equity of 16.87% and a net margin of 6.58%. The business earned $383.90 million during the quarter, compared to analysts’ expectations of $387.82 million. During the same quarter in the previous year, the firm earned $0.43 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post $2.15 EPS for the current fiscal year.

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

Several institutional investors have recently made changes to their positions in BFAM. Barclays PLC increased its position in shares of Bright Horizons Family Solutions by 106.7% in the first quarter. Barclays PLC now owns 34,937 shares of the company’s stock worth $2,236,000 after buying an additional 18,037 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth $255,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth $3,239,000. Invictus RG increased its position in shares of 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. Finally, HBK Investments L P acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth $577,000.

A number of brokerages have recently weighed in on BFAM. JPMorgan Chase & Co. upgraded Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $76.00 in a research note on Monday, August 15th. William Blair lowered Bright Horizons Family Solutions from an “outperform” rating to a “market weight” rating in a research note on Wednesday, November 2nd. Jefferies Group upgraded Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 target price on the stock in a research note on Monday, August 15th. Zacks Investment Research lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Monday, November 7th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $74.00 target price on shares of Bright Horizons Family Solutions in a research note on Friday, September 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Bright Horizons Family Solutions presently has an average rating of “Buy” and an average price target of $73.43.

Bright Horizons Family Solutions Company Profile

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.