Bright Horizons Family Solutions (NYSE:BFAM) Rating Increased 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 report sent to investors on Saturday morning.

A number of other research firms have also recently commented on BFAM. Jefferies Financial Group dropped their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. The Goldman Sachs Group dropped their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Bright Horizons Family Solutions Stock Down 2.4 %

BFAM stock opened at $126.29 on Friday. The stock has a market capitalization of $7.35 billion, a P/E ratio of 52.62 and a beta of 1.45. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 12 month low of $100.59 and a 12 month high of $141.90. The firm has a 50-day moving average price of $116.91 and a 200-day moving average price of $124.64.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. As a group, equities research analysts anticipate that Bright Horizons Family Solutions will post 3.49 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Bright Horizons Family Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company’s stock worth $603,332,000 after buying an additional 101,151 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Bright Horizons Family Solutions by 60.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company’s stock worth $549,654,000 after buying an additional 1,868,117 shares during the period. JPMorgan Chase & Co. grew its position in shares of Bright Horizons Family Solutions by 16.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company’s stock worth $393,141,000 after buying an additional 511,905 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after buying an additional 423,456 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock worth $262,752,000 after buying an additional 532,644 shares during the period.

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.