Zacks Investment Research upgraded shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a hold rating to a buy rating in a report released on Friday morning. They currently have $91.00 target price on the stock.

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 equities analysts have also weighed in on the stock. BidaskClub upgraded shares of Bright Horizons Family Solutions from a hold rating to a buy rating in a report on Thursday, August 10th. Royal Bank Of Canada restated a buy rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. Citigroup Inc. restated a buy rating and issued a $92.00 price objective (up from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, BMO Capital Markets restated a market perform rating and issued a $85.00 price objective (up from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $84.17.

Bright Horizons Family Solutions (NYSE BFAM) traded down 0.41% during trading on Friday, hitting $80.96. The stock had a trading volume of 200,803 shares. The company has a market capitalization of $4.79 billion, a P/E ratio of 43.20 and a beta of 0.13. The stock’s 50-day moving average price is $79.63 and its 200-day moving average price is $76.10. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $82.00.

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

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In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 29,681 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total value of $2,343,314.95. Following the completion of the sale, the chief financial officer now owns 141,491 shares of the company’s stock, valued at approximately $11,170,714.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $76.11, for a total transaction of $507,349.26. Following the completion of the sale, the director now directly owns 67,284 shares of the company’s stock, valued at approximately $5,120,985.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,429 shares of company stock valued at $4,987,519. 2.90% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. 1st Global Advisors Inc. grew its position in Bright Horizons Family Solutions by 1.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after purchasing an additional 75 shares during the period. State Board of Administration of Florida Retirement System grew its position in Bright Horizons Family Solutions by 0.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,708 shares of the company’s stock worth $1,501,000 after purchasing an additional 150 shares during the period. Argent Capital Management LLC grew its position in Bright Horizons Family Solutions by 2.5% in the 2nd quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after purchasing an additional 150 shares during the period. Stephens Inc. AR grew its position in Bright Horizons Family Solutions by 5.2% in the 2nd quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after purchasing an additional 225 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Bright Horizons Family Solutions by 6.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock worth $293,000 after purchasing an additional 247 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

About Bright Horizons Family Solutions

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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