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 note published on Friday morning.

Several other equities analysts have also weighed in on the stock. Robert W. Baird increased their price objective on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a neutral rating in a report on Friday. The Goldman Sachs Group lifted their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. BMO Capital Markets increased their target price on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a market perform rating in a research note on Friday. UBS Group decreased their target price on Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating for the company in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an overweight rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of Hold and an average price target of $106.63.

Bright Horizons Family Solutions Trading Up 6.7 %

BFAM stock opened at $111.23 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. Bright Horizons Family Solutions has a twelve month low of $71.65 and a twelve month high of $119.21. The company has a market cap of $6.45 billion, a P/E ratio of 78.33, a PEG ratio of 4.28 and a beta of 1.38. The business has a fifty day moving average of $111.11 and a 200-day moving average of $98.95.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. The firm had revenue of $615.65 million during the quarter, compared to analysts’ expectations of $588.63 million. As a group, equities research analysts expect that Bright Horizons Family Solutions will post 2.69 EPS for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the sale, the chief operating officer now directly owns 37,253 shares in the company, valued at approximately $3,911,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the sale, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the transaction, the chief financial officer now owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors have recently bought and sold shares of BFAM. Riverview Trust Co bought a new position in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $25,000. Principal Securities Inc. acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth $38,000. YHB Investment Advisors Inc. bought a new position in Bright Horizons Family Solutions in the first quarter valued at $40,000. Signaturefd LLC increased its stake in Bright Horizons Family Solutions by 102.2% in the 3rd quarter. Signaturefd LLC now owns 653 shares of the company’s stock valued at $53,000 after buying an additional 330 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in Bright Horizons Family Solutions by 120.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock worth $117,000 after buying an additional 677 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

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.