Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.11, for a total value of $527,347.26. Following the completion of the sale, the director now directly owns 67,284 shares in the company, valued at $5,322,837.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, July 11th, Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $76.11, for a total value of $507,349.26.
  • On Tuesday, June 13th, Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $76.53, for a total value of $510,148.98.
  • On Tuesday, May 16th, Mary Ann Tocio sold 25,466 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $79.25, for a total value of $2,018,180.50.

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded up 0.32% on Tuesday, hitting $79.42. The stock had a trading volume of 241,345 shares. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 42.45 and a beta of 0.12. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $82.00. The stock has a 50 day moving average of $78.02 and a 200 day moving average of $74.06.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a return on equity of 19.32% and a net margin of 6.91%. The company had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. During the same period last year, the firm earned $0.61 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts predict that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current fiscal year.

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A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday. Citigroup Inc. reaffirmed a “buy” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $85.00 price objective (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $81.75.

Institutional investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado purchased a new position in shares of Bright Horizons Family Solutions during the second quarter valued at about $123,000. FTB Advisors Inc. raised its position in shares of Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock valued at $126,000 after buying an additional 857 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock valued at $190,000 after buying an additional 1,193 shares during the last quarter. Connable Office Inc. purchased a new position in shares of Bright Horizons Family Solutions during the second quarter valued at about $208,000. Finally, Comerica Bank purchased a new position in shares of Bright Horizons Family Solutions during the second quarter valued at about $230,000. 98.81% of the stock is currently owned by institutional investors.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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