Bright Horizons Family Solutions Inc. (BFAM) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a strong-buy rating to a buy rating in a research note published on Tuesday, June 27th.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a hold rating to a buy rating and set a $87.00 price objective on the stock in a research report on Friday, June 2nd. BMO Capital Markets restated a hold rating and set a $83.00 price objective on shares of Bright Horizons Family Solutions in a research report on Friday, May 5th. Finally, Credit Suisse Group cut shares of Bright Horizons Family Solutions from an outperform rating to a neutral rating and raised their price objective for the company from $80.00 to $83.00 in a research report on Friday, May 12th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Bright Horizons Family Solutions currently has an average rating of Buy and an average price target of $81.00.

Shares of Bright Horizons Family Solutions (BFAM) traded up 0.35% on Tuesday, hitting $79.20. The stock had a trading volume of 170,912 shares. The firm has a 50 day moving average price of $77.60 and a 200 day moving average price of $73.74. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $81.23. The company has a market capitalization of $4.74 billion, a P/E ratio of 43.33 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The company had revenue of $422 million during the quarter, compared to the consensus estimate of $422.32 million. Bright Horizons Family Solutions had a net margin of 6.93% and a return on equity of 18.51%. Bright Horizons Family Solutions’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. On average, equities research analysts predict that Bright Horizons Family Solutions will post $2.61 earnings per share for the current fiscal year.

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In other news, COO Mary Lou Burke sold 6,000 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $78.05, for a total transaction of $468,300.00. Following the sale, the chief operating officer now owns 34,572 shares of the company’s stock, valued at approximately $2,698,344.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bain Capital Investors Llc sold 4,124,534 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $79.25, for a total transaction of $326,869,319.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,199,547 shares of company stock worth $332,728,747 in the last ninety days. Insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $886,000. State Board of Administration of Florida Retirement System boosted its position in shares of Bright Horizons Family Solutions by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,558 shares of the company’s stock valued at $1,439,000 after buying an additional 410 shares during the period. Comerica Bank purchased a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $232,000. State Street Corp boosted its position in shares of Bright Horizons Family Solutions by 5.9% in the fourth quarter. State Street Corp now owns 814,723 shares of the company’s stock valued at $57,048,000 after buying an additional 45,076 shares during the period. Finally, Menta Capital LLC purchased a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $490,000. 98.72% of the stock is owned by institutional investors and hedge funds.

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.

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

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