Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $67.02, for a total value of $150,795.00. Following the sale, the chief accounting officer now owns 43,325 shares in the company, valued at $2,903,641.50. The transaction 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, 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 value 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 value of $152,595.00.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 67.34 on Tuesday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 41.80 and a beta of 0.14. The company’s 50-day moving average price is $67.43 and its 200-day moving average price is $65.86. Bright Horizons Family Solutions Inc. has a 52-week low of $59.85 and a 52-week high of $70.59.

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

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, July 5th. JPMorgan Chase & Co. upgraded Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $76.00 in a report on Monday, August 15th. Jefferies Group upgraded Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 target price for the company in a research report on Monday, August 15th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $74.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Bright Horizons Family Solutions presently has an average rating of “Buy” and a consensus price target of $73.43.

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Bright Horizons Family Solutions during the second quarter valued at about $1,423,000. Lebenthal Holdings LLC bought a new stake in Bright Horizons Family Solutions during the second quarter valued at about $1,123,000. Schwab Charles Investment Management Inc. increased its stake in Bright Horizons Family Solutions by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 169,774 shares of the company’s stock valued at $11,258,000 after buying an additional 16,498 shares during the period. Amalgamated Bank increased its stake in Bright Horizons Family Solutions by 17.9% in the second quarter. Amalgamated Bank now owns 4,640 shares of the company’s stock valued at $303,000 after buying an additional 705 shares during the period. Finally, Roosevelt Investment Group Inc. increased its stake in Bright Horizons Family Solutions by 9.9% in the second quarter. Roosevelt Investment Group Inc. now owns 220,222 shares of the company’s stock valued at $14,603,000 after buying an additional 19,913 shares during the period.

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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