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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares of the company’s stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $122.40 on Wednesday. The company has a quick ratio of 0.61, a current 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 stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 51.00 and a beta of 1.50. The company has a 50-day simple moving average of $121.07 and a two-hundred day simple moving average of $124.06.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BFAM. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. UBS Group decreased their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. Morgan Stanley cut their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Finally, BMO Capital Markets raised their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Atria Investments Inc grew its position in Bright Horizons Family Solutions by 1.4% during the third quarter. Atria Investments Inc now owns 21,126 shares of the company’s stock valued at $2,960,000 after buying an additional 293 shares during the period. Carr Financial Group Corp bought a new position in Bright Horizons Family Solutions during the third quarter valued at about $204,000. TimesSquare Capital Management LLC bought a new position in Bright Horizons Family Solutions during the third quarter valued at about $13,639,000. Venturi Wealth Management LLC lifted its holdings in Bright Horizons Family Solutions by 61.6% during the third quarter. Venturi Wealth Management LLC now owns 2,250 shares of the company’s stock valued at $315,000 after purchasing an additional 858 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Bright Horizons Family Solutions during the third quarter valued at about $604,000.

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.