Bright Horizons Family Solutions Inc. (NYSE:BFAM) CAO Mandy Berman sold 3,699 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $75.94, for a total transaction of $280,902.06. Following the completion of the transaction, the chief accounting officer now directly owns 16,125 shares in the company, valued at $1,224,532.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Monday, May 15th, Mandy Berman sold 3,697 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $78.01, for a total transaction of $288,402.97.
  • On Monday, April 17th, Mandy Berman sold 3,697 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $71.77, for a total transaction of $265,333.69.

Bright Horizons Family Solutions Inc. (BFAM) traded up 0.39% during mid-day trading on Tuesday, hitting $77.30. 154,722 shares of the stock traded hands. The firm has a market capitalization of $4.62 billion, a P/E ratio of 42.29 and a beta of 0.12. The company has a 50-day moving average of $77.26 and a 200 day moving average of $72.22. Bright Horizons Family Solutions Inc. has a 1-year low of $59.00 and a 1-year high of $81.23.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Bright Horizons Family Solutions had a return on equity of 18.51% and a net margin of 6.93%. The company had revenue of $422 million during the quarter, compared to analyst estimates of $422.32 million. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post $2.61 EPS for the current year.

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

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/06/20/bright-horizons-family-solutions-inc-bfam-cao-sells-280902-06-in-stock.html.

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 10.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,303 shares of the company’s stock worth $790,000 after buying an additional 1,025 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth approximately $490,000. Carleon Capital Partners LLC acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth approximately $455,000. Advisory Research Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth approximately $3,902,000. Finally, Allianz Asset Management AG raised its stake in shares of Bright Horizons Family Solutions by 433.1% in the fourth quarter. Allianz Asset Management AG now owns 246,637 shares of the company’s stock worth $17,269,000 after buying an additional 200,373 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets restated a “hold” rating and issued a $83.00 price target on shares of Bright Horizons Family Solutions in a research note on Friday, May 5th. Finally, Credit Suisse Group downgraded shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and raised their price target for the company from $80.00 to $83.00 in a research note on Friday, May 12th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $79.86.

Bright Horizons Family Solutions Company Profile

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 as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.