Bright Horizons Family Solutions Inc. (NYSE:BFAM) hit a new 52-week high on Monday after Barclays PLC raised their price target on the stock from $80.00 to $90.00. Barclays PLC currently has an overweight rating on the stock. Bright Horizons Family Solutions traded as high as $86.84 and last traded at $86.83, with a volume of 125,411 shares changing hands. The stock had previously closed at $86.21.

A number of other equities research analysts also recently commented on BFAM. BidaskClub raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, August 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $85.00 price target (up previously from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, Citigroup Inc. reissued a “buy” rating and set a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $85.83.

In related news, CFO Elizabeth J. Boland sold 29,681 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the sale, the chief financial officer now directly owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 6,666 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $76.11, for a total value of $507,349.26. Following the sale, the director now directly owns 67,284 shares in the company, valued at $5,120,985.24. The disclosure for this sale can be found here. Insiders have sold a total of 68,429 shares of company stock valued at $5,427,819 in the last quarter. Company insiders own 2.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. State Street Corp boosted its position in Bright Horizons Family Solutions by 3.2% in the 1st quarter. State Street Corp now owns 840,444 shares of the company’s stock worth $60,918,000 after purchasing an additional 25,721 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of Bright Horizons Family Solutions by 3.1% in the 2nd quarter. Westfield Capital Management Co. LP now owns 548,446 shares of the company’s stock valued at $42,346,000 after purchasing an additional 16,659 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Bright Horizons Family Solutions by 8.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 275,102 shares of the company’s stock valued at $19,943,000 after purchasing an additional 21,567 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Bright Horizons Family Solutions by 15.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 278,354 shares of the company’s stock valued at $21,492,000 after purchasing an additional 37,910 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Bright Horizons Family Solutions in the 1st quarter valued at $332,000. 97.08% of the stock is owned by institutional investors.

The stock has a 50 day moving average price of $81.19 and a 200 day moving average price of $77.45. The stock has a market cap of $5.16 billion, a PE ratio of 46.54 and a beta of 0.14.

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, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The firm had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, analysts anticipate that Bright Horizons Family Solutions Inc. will post $2.64 EPS for the current fiscal year.

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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.

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