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

StockNews.com upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. UBS Group decreased their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Jefferies Financial Group decreased their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group decreased their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 27th. Finally, Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $125.02 on Friday. Bright Horizons Family Solutions has a 12-month low of $100.59 and a 12-month high of $141.90. The business has a 50-day simple moving average of $117.24 and a two-hundred day simple moving average of $124.54. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.27 billion, a PE ratio of 52.09 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results 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%. Analysts anticipate that Bright Horizons Family Solutions will post 3.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BFAM. Creative Planning bought a new position in Bright Horizons Family Solutions in the third quarter worth approximately $373,000. Private Advisor Group LLC lifted its holdings in shares of Bright Horizons Family Solutions by 16.5% in the third quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock valued at $349,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $54,590,000. Assenagon Asset Management S.A. bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $11,780,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bright Horizons Family Solutions by 110.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,312 shares of the company’s stock valued at $744,000 after purchasing an additional 2,791 shares in the last quarter.

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.