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

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 weighed in on the company. Robert W. Baird reissued a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Citigroup upped their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Credit Suisse Group upped their price objective on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. BMO Capital Markets upped their price objective on Bright Horizons Family Solutions from $85.00 to $90.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Finally, BidaskClub downgraded Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $90.67.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded down $0.49 during midday trading on Friday, reaching $91.56. The company’s stock had a trading volume of 363,600 shares, compared to its average volume of 280,443. Bright Horizons Family Solutions has a 12 month low of $65.00 and a 12 month high of $93.13. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $5,363.28, a P/E ratio of 37.99, a price-to-earnings-growth ratio of 1.82 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. During the same period in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. equities analysts anticipate that Bright Horizons Family Solutions will post 2.49 earnings per share for the current year.

In related news, Director Joshua Bekenstein sold 3,504,999 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $305,846,212.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 6,666 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total value 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. In the last 90 days, insiders sold 3,620,458 shares of company stock worth $315,782,740. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Bright Horizons Family Solutions by 11.8% in the 2nd 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 period. Alliancebernstein L.P. raised its position in shares of Bright Horizons Family Solutions by 8.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock worth $155,100,000 after buying an additional 161,469 shares during the period. Wells Fargo & Company MN raised its position in shares of Bright Horizons Family Solutions by 3.6% in the 3rd quarter. Wells Fargo & Company MN now owns 1,690,927 shares of the company’s stock worth $145,775,000 after buying an additional 59,456 shares during the period. Neuberger Berman Group LLC raised its position in shares of Bright Horizons Family Solutions by 5.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,211,305 shares of the company’s stock worth $104,427,000 after buying an additional 57,880 shares during the period. Finally, Brown Advisory Inc. raised its position in shares of Bright Horizons Family Solutions by 3.6% in the 3rd quarter. Brown Advisory Inc. now owns 1,205,861 shares of the company’s stock worth $103,958,000 after buying an additional 42,133 shares during the period. 99.74% of the stock is currently owned by institutional investors.

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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.

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

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