Bright Horizons Family Solutions (NYSE:BFAM) Raised to Hold at StockNews.com

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other analysts also recently commented on BFAM. Jefferies Financial Group dropped their target price on shares of 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. The Goldman Sachs Group dropped their price objective on shares of 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 raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report 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 target on the stock in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.56.

Bright Horizons Family Solutions Trading Up 1.1 %

NYSE BFAM opened at $121.85 on Wednesday. Bright Horizons Family Solutions has a 12 month low of $94.83 and a 12 month high of $141.90. The stock has a 50-day simple moving average of $114.50 and a 200 day simple moving average of $124.47. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.09 billion, a PE ratio of 61.23 and a beta of 1.45.

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

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at $29,000. Versant Capital Management Inc bought a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at about $35,000. True Wealth Design LLC bought a new stake in shares of Bright Horizons Family Solutions during the third quarter worth about $49,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after buying an additional 145 shares during the period.

About Bright Horizons Family Solutions

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.