Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “hold” rating reaffirmed by stock analysts at Robert W. Baird in a research report issued on Friday.

BFAM has been the topic of several other research reports. Barclays PLC upped their target price on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, September 1st. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 25th. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Finally, BidaskClub lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $89.17.

Shares of Bright Horizons Family Solutions (BFAM) traded up $2.52 during midday trading on Friday, reaching $89.11. The company’s stock had a trading volume of 192,719 shares, compared to its average volume of 156,829. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $5.25 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 20.16% and a net margin of 7.22%. The company had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. research analysts anticipate that Bright Horizons Family Solutions will post 2.5 EPS for the current year.

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In other news, CFO Elizabeth J. Boland sold 19,681 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $85.16, for a total value of $1,676,033.96. Following the completion of the sale, the chief financial officer now directly owns 152,977 shares of the company’s stock, valued at $13,027,521.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $79.11, for a total value of $527,347.26. Following the completion of the sale, the director now directly owns 67,284 shares of the company’s stock, valued at $5,322,837.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,444 shares of company stock worth $6,516,524. 2.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of Bright Horizons Family Solutions by 33.1% during the first quarter. UBS Asset Management Americas Inc. now owns 20,567 shares of the company’s stock valued at $1,491,000 after acquiring an additional 5,110 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Bright Horizons Family Solutions by 9.3% during the first quarter. Ameriprise Financial Inc. now owns 40,076 shares of the company’s stock valued at $2,905,000 after acquiring an additional 3,422 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Bright Horizons Family Solutions by 42.0% during the first quarter. Principal Financial Group Inc. now owns 8,782 shares of the company’s stock valued at $637,000 after acquiring an additional 2,599 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $1,320,000. Finally, Teachers Advisors LLC increased its position in shares of Bright Horizons Family Solutions by 4.6% during the first quarter. Teachers Advisors LLC now owns 81,138 shares of the company’s stock valued at $5,882,000 after acquiring an additional 3,554 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Company Profile

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.

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

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