Bright Horizons Family Solutions (BFAM) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a sell rating to a hold rating in a research note issued to investors on Friday.

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. “

BFAM has been the subject of a number of other reports. BMO Capital Markets lifted their target price on shares of Bright Horizons Family Solutions from $114.00 to $118.00 and gave the stock a market perform rating in a research note on Monday, August 6th. Citigroup cut shares of Bright Horizons Family Solutions from a buy rating to a neutral rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Bright Horizons Family Solutions presently has a consensus rating of Hold and a consensus price target of $104.91.

BFAM stock opened at $116.68 on Friday. The company has a market capitalization of $6.75 billion, a P/E ratio of 45.86, a P/E/G ratio of 2.66 and a beta of 0.12. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.39. Bright Horizons Family Solutions has a 52 week low of $81.41 and a 52 week high of $120.07.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, August 2nd. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $486.63 million. Bright Horizons Family Solutions had a net margin of 8.77% and a return on equity of 20.90%. Bright Horizons Family Solutions’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. equities research analysts forecast that Bright Horizons Family Solutions will post 2.92 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, CAO Mandy Berman sold 500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $101.68, for a total transaction of $50,840.00. Following the completion of the sale, the chief accounting officer now directly owns 20,880 shares in the company, valued at approximately $2,123,078.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $104.30, for a total transaction of $114,730.00. Following the sale, the chief operating officer now owns 30,946 shares of the company’s stock, valued at $3,227,667.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,430 shares of company stock valued at $5,847,074. Company insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at approximately $102,000. Quantbot Technologies LP increased its holdings in shares of Bright Horizons Family Solutions by 243.6% during the 1st quarter. Quantbot Technologies LP now owns 1,412 shares of the company’s stock valued at $140,000 after purchasing an additional 1,001 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Bright Horizons Family Solutions by 1,829.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 9,414 shares of the company’s stock valued at $171,000 after purchasing an additional 8,926 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions by 104.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,860 shares of the company’s stock valued at $191,000 after purchasing an additional 950 shares in the last quarter. Finally, Chicago Capital LLC purchased a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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