Trading Report: Today, Bright Horizons Family Solutions Inc. (BFAM) CAO Mandy Berman Sold 2,250 Shares

Today, Bright Horizons Family Solutions Inc. (BFAM) CAO Mandy Berman Sold 2,250 Shares

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 Monday, October 17th. The stock was sold at an average price of $65.00, for a total transaction of $146,250.00. Following the sale, the chief accounting officer now directly owns 41,705 shares in the company, valued at approximately $2,710,825. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 transaction 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 transaction of $149,692.50.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 64.61 on Tuesday. The firm has a market capitalization of $3.80 billion, a PE ratio of 40.11 and a beta of 0.15. Bright Horizons Family Solutions Inc. has a 52-week low of $59.85 and a 52-week high of $70.59. The firm’s 50-day moving average is $67.16 and its 200-day moving average is $66.19.

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

A number of institutional investors have recently bought and sold shares of BFAM. Aperio Group LLC raised its position 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. Teachers Advisors Inc. raised its position 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 period. Prudential Financial Inc. raised its position 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. raised its position 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. Finally, BlackRock Group LTD raised its position 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.

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

About Bright Horizons Family Solutions

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