Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Mary Ann Tocio Sells 3,000 Shares

Key Points

• Mary Ann Tocio, a director at Bright Horizons Family Solutions Inc., sold 3,000 shares of the company's stock on August 5th for a total of $360,300, marking a 14.13% decrease in her ownership.
• Bright Horizons reported a quarterly earnings per share of $1.07 for the period ending July 31st, exceeding analysts' expectations of $1.00.
• The company's stock price fluctuated between a fifty-two week low of $103.75 and a high of $141.90, currently trading around $119.08 with a market cap of $6.82 billion.

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the transaction, the director owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 29th, Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock. The stock was sold at an average price of $128.49, for a total transaction of $321,225.00.

Bright Horizons Family Solutions Trading Down 0.7%

Shares of NYSE:BFAM traded down $0.86 during midday trading on Friday, reaching $119.36. The company had a trading volume of 530,168 shares, compared to its average volume of 671,317. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60. Bright Horizons Family Solutions Inc. has a 1-year low of $103.75 and a 1-year high of $141.90. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 39.13 and a beta of 1.34. The company has a fifty day simple moving average of $119.86 and a two-hundred day simple moving average of $122.12.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.31% and a net margin of 6.34%. The business had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. During the same quarter in the previous year, the business posted $0.88 EPS. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Institutional Trading of Bright Horizons Family Solutions

Several institutional investors have recently modified their holdings of BFAM. SG Americas Securities LLC raised its position in shares of Bright Horizons Family Solutions by 355.6% during the first quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock worth $1,415,000 after acquiring an additional 8,694 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Bright Horizons Family Solutions by 13.8% in the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock valued at $3,690,000 after buying an additional 3,514 shares during the period. Stephens Investment Management Group LLC lifted its stake in Bright Horizons Family Solutions by 9.9% in the first quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock valued at $77,855,000 after buying an additional 55,115 shares during the period. Bessemer Group Inc. lifted its stake in Bright Horizons Family Solutions by 4.3% in the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock valued at $36,826,000 after buying an additional 11,967 shares during the period. Finally, Barclays PLC lifted its stake in Bright Horizons Family Solutions by 57.5% in the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock valued at $3,355,000 after buying an additional 11,057 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on BFAM shares. Morgan Stanley lowered their target price on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research note on Monday, July 28th. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their price objective for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.75.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.