Mary Ann Tocio Sells 2,500 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $128.49, for a total value of $321,225.00. Following the completion of the transaction, the director now owns 20,257 shares of the company's stock, valued at approximately $2,602,821.93. The trade was a 10.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 10th, Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $124.74, for a total value of $311,850.00.

Bright Horizons Family Solutions Price Performance

BFAM traded up $1.70 during trading on Friday, hitting $129.58. The company's stock had a trading volume of 463,816 shares, compared to its average volume of 456,444. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The business's fifty day simple moving average is $122.06 and its 200 day simple moving average is $119.55. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 53.99 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The company had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. During the same period last year, the company earned $0.51 earnings per share. Bright Horizons Family Solutions's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BFAM shares. Wall Street Zen upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. BMO Capital Markets lifted their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average price target of $138.33.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors have recently made changes to their positions in BFAM. T. Rowe Price Investment Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 60.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after acquiring an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bright Horizons Family Solutions by 23.8% in the first quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock worth $557,959,000 after acquiring an additional 845,391 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth approximately $91,536,000. Raymond James Financial Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth approximately $79,578,000. Finally, Norges Bank acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth approximately $71,842,000.

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.