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 Thursday, September 15th. The stock was sold at an average price of $67.02, for a total transaction of $150,795.00. Following the sale, the chief accounting officer now owns 43,325 shares in the company, valued at approximately $2,903,641.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, August 15th, Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $66.53, for a total transaction of $149,692.50.
  • On Friday, July 15th, Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $67.82, for a total transaction of $152,595.00.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 66.85 on Wednesday. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 41.50 and a beta of 0.14. The company has a 50 day moving average of $67.44 and a 200-day moving average of $65.88. Bright Horizons Family Solutions Inc. has a 12-month low of $59.85 and a 12-month high of $70.59.

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

A number of large investors have recently modified their holdings of the stock. UBS Group AG increased its position in shares of Bright Horizons Family Solutions by 4.8% in the first quarter. UBS Group AG now owns 9,071 shares of the company’s stock worth $588,000 after buying an additional 416 shares during the last quarter. State Street Corp increased its position in shares of 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. Miles Capital Inc. bought a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $264,000. Landscape Capital Management L.L.C. bought a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $702,000. Finally, Columbia Partners L L C Investment Management bought a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $1,221,000.

BFAM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $76.00 in a research note on Monday, August 15th. Credit Suisse Group AG restated 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. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, July 5th. Finally, Jefferies Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 price objective for the company in a report on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions currently has an average rating of “Buy” and an average 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.

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