Insider Selling: Bright Horizons Family Solutions Inc. (NYSE:BFAM) Director Sells 2,500 Shares of Stock

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction 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 sale, the director now owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock traded down $1.85 during midday trading on Tuesday, reaching $122.40. The company's stock had a trading volume of 376,173 shares, compared to its average volume of 432,549. The firm has a market capitalization 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 stock's 50 day simple moving average is $121.07 and its 200 day simple moving average is $124.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Bright Horizons Family Solutions during the 4th quarter valued at about $25,000. Atala Financial Inc acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter valued at approximately $32,000. True Wealth Design LLC purchased a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $49,000. Tortoise Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after purchasing an additional 181 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Bright Horizons Family Solutions by 37.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock valued at $75,000 after buying an additional 145 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. 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. Jefferies Financial Group dropped their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Morgan Stanley lowered their price objective on shares of 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, Baird R W upgraded shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $137.67.

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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.

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