Zacks Investment Research upgraded shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a sell rating to a hold rating in a research report report published 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. “

Other research analysts have also issued research reports about the company. Barclays PLC restated a buy rating on shares of Bright Horizons Family Solutions in a report on Friday, November 11th. William Blair lowered Bright Horizons Family Solutions from an outperform rating to a market weight rating in a report on Wednesday, November 2nd. Jefferies Group upgraded Bright Horizons Family Solutions from a neutral rating to an overweight rating and set a $76.00 target price on the stock in a report on Monday, August 15th. BMO Capital Markets reiterated a hold rating on shares of Bright Horizons Family Solutions in a report on Monday, November 14th. Finally, JPMorgan Chase & Co. upgraded Bright Horizons Family Solutions from a neutral rating to an overweight rating and lifted their price target for the stock from $70.00 to $76.00 in a report on Monday, August 15th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $73.43.

Bright Horizons Family Solutions (NYSE:BFAM) traded up 0.15% on Friday, hitting $71.44. The company had a trading volume of 34,543 shares. The stock has a 50 day moving average of $66.77 and a 200-day moving average of $66.57. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $72.80. The stock has a market capitalization of $4.25 billion, a PE ratio of 43.22 and a beta of 0.17.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, November 1st. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. Bright Horizons Family Solutions had a net margin of 6.58% and a return on equity of 16.87%. The company earned $383.90 million during the quarter, compared to the consensus estimate of $387.82 million. During the same quarter in the prior year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts anticipate that Bright Horizons Family Solutions will post $2.15 EPS for the current year.

In other Bright Horizons Family Solutions news, Director Marguerite Kondracke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $63.43, for a total transaction of $63,430.00. Following the completion of the sale, the director now owns 6,000 shares of the company’s stock, valued at $380,580. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $71.61, for a total value of $161,122.50. Following the sale, the chief accounting officer now directly owns 43,325 shares of the company’s stock, valued at approximately $3,102,503.25. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Huntington National Bank raised its stake in shares of Bright Horizons Family Solutions by 27.2% in the third quarter. Huntington National Bank now owns 1,643 shares of the company’s stock valued at $110,000 after buying an additional 351 shares during the period. BNP Paribas Arbitrage SA raised its stake 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. Glenmede Trust Co. NA purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at about $131,000. Tower Research Capital LLC TRC purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at about $132,000. Finally, BlackRock Inc. raised its stake 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. 98.65% of the stock is owned by hedge funds and other 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. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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