Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Sells $573,550.00 in Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. 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 Stock Up 0.5 %

BFAM stock opened at $119.29 on Friday. Bright Horizons Family Solutions Inc. has a 1-year low of $87.82 and a 1-year high of $141.90. The business has a fifty day moving average price of $124.42 and a 200-day moving average price of $122.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $6.94 billion, a P/E ratio of 59.94 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. Bright Horizons Family Solutions’s revenue was up 11.3% compared to the same quarter last year. Equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Institutional Trading of Bright Horizons Family Solutions

Several large investors have recently modified their holdings of the company. OLD National Bancorp IN grew its holdings in Bright Horizons Family Solutions by 2.7% during the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after purchasing an additional 82 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Bright Horizons Family Solutions by 6.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 119 shares during the period. Avior Wealth Management LLC grew its holdings in Bright Horizons Family Solutions by 2.9% during the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after purchasing an additional 133 shares during the period. Daiwa Securities Group Inc. grew its holdings in Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after purchasing an additional 145 shares during the period. Finally, MJP Associates Inc. ADV grew its holdings in Bright Horizons Family Solutions by 7.0% during the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after purchasing an additional 157 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BFAM. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $137.00 to $125.00 in a research note on Monday, November 18th. The Goldman Sachs Group raised their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. UBS Group lifted their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. 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. Finally, Robert W. Baird upgraded 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 note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.50.

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.