Insider Selling: Bright Horizons Family Solutions COO Sells 42,600 Shares of Stock (BFAM)
Bright Horizons Family Solutions (NASDAQ:BFAM) COO Mary Ann Tocio sold 42,600 shares of Bright Horizons Family Solutions stock on the open market in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $42.59, for a total value of $1,814,334.00. Following the sale, the chief operating officer now directly owns 177,466 shares in the company, valued at approximately $7,558,277. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Bright Horizons Family Solutions (NASDAQ:BFAM) traded up 0.42% during mid-day trading on Wednesday, hitting $42.90. 202,179 shares of the company’s stock traded hands. Bright Horizons Family Solutions has a 52 week low of $30.35 and a 52 week high of $43.28. The stock has a 50-day moving average of $40.04 and a 200-day moving average of $38.46. The company has a market cap of $2.816 billion and a P/E ratio of 36.11.
Bright Horizons Family Solutions (NASDAQ:BFAM) last issued its quarterly 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. Analysts expect that Bright Horizons Family Solutions will post $1.45 EPS for the current fiscal year.
BFAM has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bright Horizons Family Solutions currently has a consensus rating of “Buy” and an average target price 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.