Bright Horizons Family Solutions Inc. (BFAM) Rating Lowered to Hold at Zacks Investment Research

Bright Horizons Family Solutions Inc. (NYSE:BFAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

A number of other research analysts also recently commented on BFAM. BidaskClub downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $85.00 price objective (up from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, Citigroup Inc. started coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They set a “buy” rating and a $90.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $84.00.

Bright Horizons Family Solutions (NYSE BFAM) traded up 0.53% during trading on Thursday, reaching $81.29. 176,847 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $79.47 and its 200-day moving average price is $75.94. Bright Horizons Family Solutions has a 52 week low of $59.00 and a 52 week high of $82.00. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 43.38 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. On average, equities analysts expect that Bright Horizons Family Solutions will post $2.64 EPS for the current year.

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In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $76.60, for a total value of $383,000.00. Following the completion of the sale, the chief operating officer now directly owns 36,266 shares of the company’s stock, valued at $2,777,975.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $80.09, for a total transaction of $533,879.94. Following the completion of the sale, the director now directly owns 67,284 shares of the company’s stock, valued at $5,388,775.56. The disclosure for this sale can be found here. Insiders sold 63,429 shares of company stock valued at $4,987,519 over the last three months. Insiders own 2.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BFAM. Lord Abbett & CO. LLC acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter worth $11,999,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter worth $239,000. Public Employees Retirement System of Ohio lifted its stake in shares of Bright Horizons Family Solutions by 78.2% in the second quarter. Public Employees Retirement System of Ohio now owns 51,737 shares of the company’s stock worth $3,995,000 after buying an additional 22,702 shares during the last quarter. 1st Global Advisors Inc. lifted its stake 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 worth $555,000 after buying an additional 75 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in shares of Bright Horizons Family Solutions by 366.3% in the second quarter. Susquehanna International Group LLP now owns 142,194 shares of the company’s stock worth $10,979,000 after buying an additional 111,701 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

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.

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

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