Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the sale, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Bright Horizons Family Solutions Stock Performance
BFAM opened at $122.40 on Wednesday. The business has a fifty day simple moving average of $121.07 and a 200-day simple moving average of $124.06. The firm has a market cap of $7.02 billion, a PE ratio of 51.00 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. 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 (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. boosted its stake in Bright Horizons Family Solutions by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock worth $1,463,000 after purchasing an additional 96 shares during the period. Bank of Montreal Can raised its stake in Bright Horizons Family Solutions by 3.6% during the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock worth $323,000 after buying an additional 101 shares during the last quarter. Accretive Wealth Partners LLC grew its holdings in Bright Horizons Family Solutions by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock worth $833,000 after purchasing an additional 111 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Bright Horizons Family Solutions by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock valued at $601,000 after buying an additional 113 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Bright Horizons Family Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock worth $1,681,000 after purchasing an additional 129 shares during the last quarter.
Analysts Set New Price Targets
Several equities analysts have recently commented on BFAM shares. Jefferies Financial Group cut their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. UBS Group decreased their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. The Goldman Sachs Group cut their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. BMO Capital Markets upped their target price 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, Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective for the company in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of "Moderate Buy" and an average target price of $137.67.
View Our Latest Analysis on BFAM
Bright Horizons Family Solutions Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
