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 Tuesday.

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 analysts also recently commented on the stock. Barclays PLC increased their target price on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday. BidaskClub upgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. Citigroup Inc. restated a “buy” rating and set a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $85.00 price objective (up from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and a consensus target price of $85.83.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded up 0.13% during midday trading on Tuesday, hitting $87.21. 263,263 shares of the stock were exchanged. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $88.13. The firm’s 50 day moving average is $81.19 and its 200-day moving average is $77.45. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 46.54 and a beta of 0.14.

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

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In other news, CFO Elizabeth J. Boland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $82.33, for a total transaction of $823,300.00. Following the completion of the sale, the chief financial officer now owns 150,717 shares in the company, valued at approximately $12,408,530.61. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $80.09, for a total transaction of $533,879.94. Following the completion of the sale, the director now directly owns 67,284 shares in the company, valued at approximately $5,388,775.56. The disclosure for this sale can be found here. Insiders have sold a total of 73,429 shares of company stock worth $5,810,819 over the last quarter. Company insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Bright Horizons Family Solutions by 11.8% in the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after buying an additional 410,335 shares during the last quarter. BlackRock Inc. lifted its position in shares of Bright Horizons Family Solutions by 73,144.9% during the 1st quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock valued at $198,843,000 after buying an additional 2,739,278 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Bright Horizons Family Solutions by 8.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock valued at $155,100,000 after buying an additional 161,469 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Bright Horizons Family Solutions by 108.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock valued at $89,056,000 after buying an additional 599,907 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Bright Horizons Family Solutions by 3.2% during the 1st quarter. State Street Corp now owns 840,444 shares of the company’s stock valued at $60,918,000 after buying an additional 25,721 shares during the last quarter. 97.08% of the stock is owned by institutional investors and hedge funds.

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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