Bright Horizons Family Solutions Inc (BFAM) Director Sells $299,050.00 in Stock

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Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $119.62, for a total transaction of $299,050.00. Following the sale, the director now owns 64,043 shares of the company’s stock, valued at approximately $7,660,823.66. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Mary Ann Tocio also recently made the following trade(s):

  • On Thursday, November 8th, Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $117.41, for a total transaction of $293,525.00.
  • On Tuesday, October 9th, Mary Ann Tocio sold 7,500 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $115.12, for a total transaction of $863,400.00.
  • On Monday, September 10th, Mary Ann Tocio sold 7,500 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $117.21, for a total transaction of $879,075.00.

NYSE BFAM opened at $116.26 on Friday. Bright Horizons Family Solutions Inc has a 1 year low of $90.74 and a 1 year high of $123.93. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $6.93 billion, a PE ratio of 41.70, a PEG ratio of 3.35 and a beta of 0.23.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $471.85 million. During the same quarter in the prior year, the business posted $0.62 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. Analysts forecast that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current fiscal year.

A number of brokerages have commented on BFAM. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Monday, September 3rd. Robert W. Baird upped their target price on shares of Bright Horizons Family Solutions from $115.00 to $122.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. BMO Capital Markets reduced their target price on shares of Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating for the company in a research note on Tuesday, November 6th. Finally, Barclays upped their target price on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.36.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new position in shares of Bright Horizons Family Solutions in the 2nd quarter worth about $364,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Bright Horizons Family Solutions by 109.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,135 shares of the company’s stock worth $424,000 after buying an additional 2,159 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 10.9% in the 2nd quarter. TD Asset Management Inc. now owns 9,157 shares of the company’s stock worth $939,000 after buying an additional 900 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Bright Horizons Family Solutions by 21.4% in the 2nd quarter. First Trust Advisors LP now owns 75,149 shares of the company’s stock worth $7,704,000 after buying an additional 13,226 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 2.5% in the 2nd quarter. Victory Capital Management Inc. now owns 245,144 shares of the company’s stock worth $25,132,000 after buying an additional 6,039 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

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About Bright Horizons Family Solutions

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

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