Insider Selling: Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Sells 3,500 Shares of Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Mary Ann Tocio sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $110.75, for a total transaction of $387,625.00. Following the completion of the sale, the director now owns 79,759 shares of the company’s stock, valued at approximately $8,833,309.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of BFAM traded up $5.28 during mid-day trading on Tuesday, reaching $115.54. 324,600 shares of the company’s stock were exchanged, compared to its average volume of 604,778. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.09. The company has a 50-day simple moving average of $115.24 and a two-hundred day simple moving average of $133.53. Bright Horizons Family Solutions Inc has a 52-week low of $64.23 and a 52-week high of $176.98. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 55.94 and a beta of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.11. Bright Horizons Family Solutions had a net margin of 8.18% and a return on equity of 21.52%. The business had revenue of $506.32 million during the quarter, compared to analysts’ expectations of $496.73 million. During the same period last year, the company posted $0.81 EPS. The company’s revenue was up .9% on a year-over-year basis. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc will post 0.4 EPS for the current fiscal year.

A number of research analysts have issued reports on BFAM shares. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, June 24th. Robert W. Baird increased their target price on shares of Bright Horizons Family Solutions from $95.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Morgan Stanley increased their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Barclays reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a report on Thursday, March 19th. Finally, Jefferies Financial Group increased their target price on shares of Bright Horizons Family Solutions from $112.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $126.29.

Several institutional investors and hedge funds have recently modified their holdings of BFAM. Capital World Investors grew its stake in Bright Horizons Family Solutions by 33.6% in the 1st quarter. Capital World Investors now owns 3,006,540 shares of the company’s stock worth $306,667,000 after acquiring an additional 756,221 shares during the period. Pelham Capital Ltd. purchased a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $50,618,000. Norges Bank purchased a new stake in Bright Horizons Family Solutions in the 4th quarter worth approximately $70,406,000. Invesco Ltd. grew its stake in Bright Horizons Family Solutions by 49.5% in the 1st quarter. Invesco Ltd. now owns 1,366,510 shares of the company’s stock worth $139,384,000 after acquiring an additional 452,508 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Bright Horizons Family Solutions by 18.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,929,975 shares of the company’s stock worth $440,345,000 after acquiring an additional 449,511 shares during the period. 98.36% of the stock is owned by institutional investors and hedge funds.

Bright Horizons Family Solutions Company Profile

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

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

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