Mandy Berman Sells 2,250 Shares of Bright Horizons Family Solutions Inc. (BFAM) Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Mandy Berman sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $71.61, for a total value of $161,122.50. Following the completion of the transaction, the chief accounting officer now owns 43,325 shares in the company, valued at approximately $3,102,503.25. The sale was disclosed in a legal filing with the SEC, 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 stock was 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. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $72.80. The stock has a 50 day moving average of $66.52 and a 200 day moving average of $66.51. The company has a market cap of $4.21 billion, a PE ratio of 42.83 and a beta of 0.17.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, November 1st. The company reported $0.49 EPS 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 company earned $383.90 million during the quarter, compared to the consensus estimate of $387.82 million. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts expect that Bright Horizons Family Solutions Inc. will post $2.15 earnings per share for the current year.

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

Large investors have recently bought and sold shares of the company. Aperio Group LLC increased its stake in Bright Horizons Family Solutions by 10.0% in the first quarter. Aperio Group LLC now owns 4,454 shares of the company’s stock worth $289,000 after buying an additional 405 shares during the period. Prudential Financial Inc. increased its stake in Bright Horizons Family Solutions by 198.6% in the first quarter. Prudential Financial Inc. now owns 19,351 shares of the company’s stock worth $1,253,000 after buying an additional 12,870 shares during the period. BlackRock Inc. increased its stake in Bright Horizons Family Solutions by 128.7% in the first quarter. BlackRock Inc. now owns 2,484 shares of the company’s stock worth $161,000 after buying an additional 1,398 shares during the period. BlackRock Group LTD increased its stake in Bright Horizons Family Solutions by 43.1% in the first quarter. BlackRock Group LTD now owns 22,436 shares of the company’s stock worth $1,454,000 after buying an additional 6,758 shares during the period. Finally, State Street Corp increased 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 period.

Several equities research analysts have issued reports on BFAM shares. 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 report on Friday, September 16th. 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 report on Monday, August 15th. Zacks Investment Research downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Monday, November 7th. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Monday. Finally, Barclays PLC restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Friday, November 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average 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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