Insider Selling: Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Sells 3,000 Shares of Stock

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 stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the transaction, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 Stock Down 0.7%

Shares of Bright Horizons Family Solutions stock traded down $0.86 on Friday, hitting $119.36. The company had a trading volume of 530,168 shares, compared to its average volume of 671,317. The stock has a 50-day moving average of $119.86 and a 200-day moving average of $122.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90. The firm has a market capitalization of $6.83 billion, a P/E ratio of 39.13 and a beta of 1.34.

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

Analyst Ratings Changes

BFAM has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their target price for the stock 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $137.75.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its position in Bright Horizons Family Solutions by 62.2% during the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after purchasing an additional 79 shares during the period. Twin Tree Management LP bought a new position in Bright Horizons Family Solutions in the first quarter valued at approximately $29,000. Parallel Advisors LLC raised its position in Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC lifted its stake in Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock valued at $43,000 after purchasing an additional 167 shares in the last quarter.

About Bright Horizons Family Solutions

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.