Mary Ann Tocio Sells 6,666 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.11, for a total value of $527,347.26. Following the completion of the transaction, the director now owns 67,284 shares in the company, valued at approximately $5,322,837.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, July 11th, Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $76.11, for a total value of $507,349.26.
  • On Tuesday, June 13th, Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $76.53, for a total value of $510,148.98.
  • On Tuesday, May 16th, Mary Ann Tocio sold 25,466 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $79.25, for a total value of $2,018,180.50.

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded down 0.39% on Friday, reaching $79.50. The company’s stock had a trading volume of 156,699 shares. Bright Horizons Family Solutions Inc. has a 12 month low of $59.00 and a 12 month high of $82.00. The stock has a 50 day moving average of $78.52 and a 200-day moving average of $74.66. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 42.42 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The firm had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. During the same period last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in BFAM. BlackRock Inc. boosted its position in shares of Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Bright Horizons Family Solutions by 3,798.6% in the second quarter. JPMorgan Chase & Co. now owns 692,158 shares of the company’s stock worth $53,441,000 after buying an additional 674,404 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Bright Horizons Family Solutions by 108.4% in the second quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock worth $89,056,000 after buying an additional 599,907 shares during the period. Mackenzie Financial Corp bought a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $32,736,000. Finally, Vanguard Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 11.8% in the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after buying an additional 410,335 shares during the period.

A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BMO Capital Markets restated a “market perform” rating and set a $85.00 price objective (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Friday, August 4th. Citigroup Inc. restated a “buy” rating and set a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $83.67.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Insider Buying and Selling by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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