Bright Horizons Family Solutions (BFAM) Coverage Initiated by Analysts at Macquarie

Research analysts at Macquarie started coverage on shares of Bright Horizons Family Solutions (NYSE:BFAM) in a report issued on Thursday, MarketBeat.com reports. The firm set a “neutral” rating and a $95.00 price target on the stock. Macquarie’s price target suggests a potential upside of 0.33% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Credit Suisse Group boosted their price target on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. BMO Capital Markets boosted their price target on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Citigroup boosted their price target on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird reissued a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $93.43.

Bright Horizons Family Solutions (NYSE:BFAM) traded down $0.02 during midday trading on Thursday, hitting $94.69. 237,800 shares of the stock were exchanged, compared to its average volume of 279,878. Bright Horizons Family Solutions has a 52 week low of $65.00 and a 52 week high of $95.40. 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 company has a market cap of $5,617.74, a P/E ratio of 39.79, a P/E/G ratio of 1.90 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The company 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 firm posted $0.49 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. sell-side analysts predict that Bright Horizons Family Solutions will post 2.5 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, Director Joshua Bekenstein sold 3,504,999 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $305,846,212.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David H. Lissy sold 79,112 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $6,903,313.12. The disclosure for this sale can be found here. Insiders sold 3,613,792 shares of company stock valued at $315,248,860 over the last three months. 2.90% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. 1st Global Advisors Inc. increased its position in shares of Bright Horizons Family Solutions by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock valued at $555,000 after acquiring an additional 75 shares during the period. Argent Capital Management LLC increased its position in shares of Bright Horizons Family Solutions by 2.5% in the second quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock valued at $483,000 after acquiring an additional 150 shares during the period. Stephens Inc. AR increased its position in shares of Bright Horizons Family Solutions by 5.2% in the second quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock valued at $352,000 after acquiring an additional 225 shares during the period. Teacher Retirement System of Texas increased its position in shares of Bright Horizons Family Solutions by 6.9% during the second quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock valued at $293,000 after buying an additional 247 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Bright Horizons Family Solutions by 8.6% during the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock valued at $289,000 after buying an additional 295 shares during the period. Hedge funds and other institutional investors own 98.70% of the company’s stock.

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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.