BidaskClub cut shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a buy rating to a hold rating in a report published on Wednesday, July 12th.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Bright Horizons Family Solutions from a hold rating to a buy rating and set a $87.00 target price on the stock in a report on Friday, June 2nd. BMO Capital Markets reaffirmed a hold rating and issued a $83.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, May 5th. Finally, Credit Suisse Group downgraded 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 report on Friday, May 12th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $81.75.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up 0.32% during mid-day trading on Wednesday, reaching $79.42. The company had a trading volume of 241,345 shares. The stock has a market capitalization of $4.69 billion, a P/E ratio of 42.45 and a beta of 0.12. Bright Horizons Family Solutions has a 12-month low of $59.00 and a 12-month high of $82.00. The firm’s 50 day moving average is $78.02 and its 200-day moving average is $74.06.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 19.32% and a net margin of 6.91%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts expect that Bright Horizons Family Solutions will post $2.64 earnings per share for the current fiscal year.

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In other news, CAO Mandy Berman sold 3,699 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $75.94, for a total value of $280,902.06. Following the completion of the transaction, the chief accounting officer now directly owns 16,125 shares of the company’s stock, valued at approximately $1,224,532.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 stock was sold at an average price of $79.25, for a total value of $326,869,319.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,181,728 shares of company stock valued at $331,326,083. 2.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Bright Horizons Family Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock valued at $252,138,000 after buying an additional 153,726 shares during the period. BlackRock Inc. raised its position in Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock valued at $198,843,000 after buying an additional 2,739,278 shares during the period. Wells Fargo & Company MN raised its position in Bright Horizons Family Solutions by 11.3% in the first quarter. Wells Fargo & Company MN now owns 1,745,902 shares of the company’s stock valued at $126,561,000 after buying an additional 176,751 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Bright Horizons Family Solutions by 108.4% in the second quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock worth $89,056,000 after buying an additional 599,907 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Bright Horizons Family Solutions by 3.5% in the first quarter. Handelsbanken Fonder AB now owns 934,200 shares of the company’s stock worth $67,720,000 after buying an additional 32,000 shares during the last quarter. 98.81% 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 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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