Bright Horizons Family Solutions Inc. (NYSE:BFAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

Several other brokerages have also recently issued reports on BFAM. BidaskClub cut shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Citigroup Inc. initiated coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, July 18th. They issued a “buy” rating and a $90.00 target price for the company. BMO Capital Markets restated a “market perform” rating and issued a $85.00 target price (up previously from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $84.00.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up 0.53% during midday trading on Thursday, reaching $81.29. 176,847 shares of the company’s stock traded hands. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $82.00. The firm’s 50-day moving average price is $79.47 and its 200 day moving average price is $75.94. The stock has a market capitalization of $4.81 billion, a P/E ratio of 43.38 and a beta of 0.13.

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

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In related news, CFO Elizabeth J. Boland sold 29,681 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the completion of the sale, the chief financial officer now owns 141,491 shares in the company, valued at approximately $11,170,714.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $76.11, for a total transaction of $507,349.26. Following the sale, the director now owns 67,284 shares of the company’s stock, valued at approximately $5,120,985.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,429 shares of company stock valued at $4,987,519. 2.90% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. 1st Global Advisors Inc. boosted its stake in Bright Horizons Family Solutions by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after purchasing an additional 75 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Bright Horizons Family Solutions by 0.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,708 shares of the company’s stock worth $1,501,000 after purchasing an additional 150 shares during the period. Argent Capital Management LLC boosted its stake in Bright Horizons Family Solutions by 2.5% during the 2nd quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after purchasing an additional 150 shares during the period. Stephens Inc. AR boosted its stake in Bright Horizons Family Solutions by 5.2% during the 2nd quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after purchasing an additional 225 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in Bright Horizons Family Solutions by 6.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock worth $293,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.

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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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