Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Free Report) COO Mary Lou Burke sold 1,200 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $75.00, for a total value of $90,000.00. Following the sale, the chief operating officer directly owned 30,945 shares of the company’s stock, valued at approximately $2,320,875. This represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Mary Lou Burke also recently made the following trade(s):
- On Monday, August 3rd, Mary Lou Burke sold 1,200 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $75.57, for a total value of $90,684.00.
- On Tuesday, July 28th, Mary Lou Burke sold 500 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $80.00, for a total value of $40,000.00.
Bright Horizons Family Solutions Stock Performance
Shares of Bright Horizons Family Solutions stock traded down $0.98 on Wednesday, reaching $72.08. 743,796 shares of the stock were exchanged, compared to its average volume of 989,416. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. Bright Horizons Family Solutions Inc. has a twelve month low of $57.63 and a twelve month high of $117.30. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.13 and a beta of 1.15. The business has a 50 day moving average price of $74.08 and a two-hundred day moving average price of $73.73.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BFAM. BlackRock Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the second quarter valued at about $452,317,000. California State Teachers Retirement System raised its stake in Bright Horizons Family Solutions by 6,781.7% during the second quarter. California State Teachers Retirement System now owns 4,599,049 shares of the company’s stock worth $325,981,000 after purchasing an additional 4,532,219 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Bright Horizons Family Solutions by 23.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,026,442 shares of the company’s stock valued at $306,881,000 after purchasing an additional 582,976 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at about $191,952,000. Finally, Capital World Investors grew its stake in shares of Bright Horizons Family Solutions by 16.9% in the 4th quarter. Capital World Investors now owns 1,779,738 shares of the company’s stock valued at $180,465,000 after buying an additional 257,813 shares during the period.
Analysts Set New Price Targets
Several equities research analysts have weighed in on BFAM shares. JPMorgan Chase & Co. cut their price target on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, July 29th. Morgan Stanley lowered their price target on shares of Bright Horizons Family Solutions from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Friday, July 31st. Finally, UBS Group upped their price objective on shares of Bright Horizons Family Solutions from $87.00 to $88.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.88.
Read Our Latest Research Report on BFAM
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.
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