Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Mary Ann Tocio Sells 3,500 Shares of Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Mary Ann Tocio sold 3,500 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $110.75, for a total value of $387,625.00. Following the sale, the director now owns 79,759 shares of the company’s stock, valued at approximately $8,833,309.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BFAM stock opened at $115.54 on Wednesday. The stock’s 50 day moving average is $115.20 and its two-hundred day moving average is $133.33. Bright Horizons Family Solutions Inc has a 52-week low of $64.23 and a 52-week high of $176.98. The company has a market capitalization of $6.72 billion, a PE ratio of 34.49, a P/E/G ratio of 58.62 and a beta of 0.78. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.09.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The business had revenue of $506.32 million during the quarter, compared to the consensus estimate of $496.73 million. Bright Horizons Family Solutions had a net margin of 8.18% and a return on equity of 21.52%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc will post 0.4 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Bright Horizons Family Solutions by 5.9% in the first quarter. Geode Capital Management LLC now owns 708,903 shares of the company’s stock worth $72,339,000 after purchasing an additional 39,532 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Bright Horizons Family Solutions by 8.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 21,969 shares of the company’s stock worth $3,302,000 after buying an additional 1,773 shares in the last quarter. Citigroup Inc. raised its position in shares of Bright Horizons Family Solutions by 20.9% during the 4th quarter. Citigroup Inc. now owns 53,532 shares of the company’s stock worth $8,045,000 after buying an additional 9,253 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Bright Horizons Family Solutions by 4.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,030 shares of the company’s stock worth $613,000 after acquiring an additional 174 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in shares of Bright Horizons Family Solutions by 124.0% in the first quarter. WINTON GROUP Ltd now owns 43,825 shares of the company’s stock valued at $4,470,000 after acquiring an additional 24,260 shares in the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.

BFAM has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Bright Horizons Family Solutions from $112.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Zacks Investment Research cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, June 24th. Barclays reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Thursday, March 19th. Bank of America reduced their price target on Bright Horizons Family Solutions from $97.00 to $95.00 and set an “underperform” rating on the stock in a research report on Thursday, May 7th. Finally, BMO Capital Markets lowered their price objective on shares of Bright Horizons Family Solutions from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $126.29.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

Featured Article: What does a hold rating mean?

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

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