Insider Selling: Mary Ann Tocio Unloads 25,621 Shares of Bright Horizons Family Solutions Stock (BFAM)
Bright Horizons Family Solutions (NASDAQ:BFAM) COO Mary Ann Tocio sold 25,621 shares of Bright Horizons Family Solutions stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $41.46, for a total transaction of $1,062,246.66. Following the sale, the chief operating officer now directly owns 177,466 shares of the company’s stock, valued at approximately $7,357,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Bright Horizons Family Solutions (NASDAQ:BFAM) traded up 1.30% on Friday, hitting $41.16. The stock had a trading volume of 350,901 shares. Bright Horizons Family Solutions has a 1-year low of $30.35 and a 1-year high of $42.00. The stock’s 50-day moving average is $39.71 and its 200-day moving average is $38.09. The company has a market cap of $2.702 billion and a price-to-earnings ratio of 34.34.
Bright Horizons Family Solutions (NASDAQ:BFAM) last released its earnings data on Thursday, May 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.02. The company had revenue of $332.10 million for the quarter, compared to the consensus estimate of $325.70 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Bright Horizons Family Solutions will post $1.45 earnings per share for the current fiscal year.
A number of research firms have recently commented on BFAM. Analysts at TheStreet upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Separately, analysts at Jefferies Group raised their price target on shares of Bright Horizons Family Solutions from $45.00 to $47.00 in a research note on Monday, May 5th. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, May 2nd. They now have a $48.00 price target on the stock, up previously from $44.00. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Bright Horizons Family Solutions currently has a consensus rating of “Buy” and a consensus price target of $44.85.
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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