Bright Horizons Family Solutions Inc. (NYSE:BFAM) has received a consensus rating of “Buy” from the nine ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $73.17.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, July 5th. JPMorgan Chase & Co. upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and raised their target price for the company from $70.00 to $76.00 in a research note on Monday, August 15th. Jefferies Group upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 target price for the company in a research note on Monday, August 15th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $74.00 target price on shares of Bright Horizons Family Solutions in a research note on Friday, September 16th.

In related news, President Stephen Howard Kramer sold 6,667 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $69.30, for a total transaction of $462,023.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 2,222 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $65.86, for a total transaction of $146,340.92. Following the transaction, the chief operating officer now directly owns 31,742 shares of the company’s stock, valued at approximately $2,090,528.12. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Bright Horizons Family Solutions by 6,110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,739 shares of the company’s stock valued at $115,000 after buying an additional 1,711 shares during the period. Invictus RG boosted its position in shares of Bright Horizons Family Solutions by 655.6% in the first quarter. Invictus RG now owns 1,821 shares of the company’s stock valued at $118,000 after buying an additional 1,580 shares during the period. Glenmede Trust Co. NA acquired a new position in shares of Bright Horizons Family Solutions during the second quarter valued at about $131,000. Tower Research Capital LLC TRC acquired a new position in shares of Bright Horizons Family Solutions during the second quarter valued at about $132,000. Finally, BlackRock Inc. boosted its position in shares of Bright Horizons Family Solutions by 128.7% in the first quarter. BlackRock Inc. now owns 2,484 shares of the company’s stock valued at $161,000 after buying an additional 1,398 shares during the period.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at 66.18 on Monday. Bright Horizons Family Solutions has a 12 month low of $59.85 and a 12 month high of $70.59. The company has a market cap of $3.90 billion, a P/E ratio of 41.08 and a beta of 0.15. The stock’s 50 day moving average is $67.48 and its 200-day moving average is $66.14.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Bright Horizons Family Solutions had a net margin of 6.53% and a return on equity of 16.43%. The firm had revenue of $402 million for the quarter, compared to the consensus estimate of $403.09 million. During the same period last year, the firm earned $0.53 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities analysts forecast that Bright Horizons Family Solutions will post $2.19 EPS for the current year.

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. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

5 Day Chart for NYSE:BFAM

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