Bright Horizons Family Solutions COO Mary Ann Tocio Sells 11,062 Shares (BFAM)
Bright Horizons Family Solutions (NASDAQ:BFAM) COO Mary Ann Tocio sold 11,062 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $37.00, for a total transaction of $409,294.00. Following the completion of the sale, the chief operating officer now directly owns 179,466 shares of the company’s stock, valued at approximately $6,640,242. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
BFAM has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Bright Horizons Family Solutions (NASDAQ:BFAM) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 2nd. They now have a $39.10 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions (NASDAQ:BFAM) from $34.00 to $39.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Bright Horizons Family Solutions (NASDAQ:BFAM) from $36.00 to $40.00 in a research note to investors on Friday, August 9th. They now have an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $36.51.
Shares of Bright Horizons Family Solutions (NASDAQ:BFAM) traded down 0.97% during mid-day trading on Thursday, hitting $36.64. The stock had a trading volume of 82,233 shares. Bright Horizons Family Solutions has a 1-year low of $27.50 and a 1-year high of $38.39. The stock’s 50-day moving average is $36.54 and its 200-day moving average is $34.62. The company’s market cap is $2.376 billion.
Bright Horizons Family Solutions (NASDAQ:BFAM) last announced its earnings results on Thursday, August 8th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.03. The company had revenue of $311.00 million for the quarter, compared to the consensus estimate of $305.88 million. Bright Horizons Family Solutions’s revenue was up 14.6% compared to the same quarter last year. Analysts expect that Bright Horizons Family Solutions will post $1.20 EPS for the current fiscal year.
Bright Horizons Family Solution Inc, provider of child care and early education services, as well as other services designed to help employers and families better address the challenges of work and life.
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