BidaskClub cut shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a strong-buy rating to a buy rating in a report released on Tuesday.

BFAM has been the topic of several other reports. Barclays PLC lifted their target price on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an overweight rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a hold rating to a buy rating and set a $90.00 target price on the stock in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a buy rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. BMO Capital Markets reiterated a market perform rating and set a $85.00 target price (up from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, Citigroup Inc. started coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They set a buy rating and a $90.00 target price on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $85.83.

Shares of Bright Horizons Family Solutions (BFAM) opened at 85.24 on Tuesday. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $88.13. The company’s 50-day moving average is $82.28 and its 200 day moving average is $78.13. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 45.49 and a beta of 0.14.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the 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 business had revenue of $445.55 million for the quarter, compared to analyst estimates of $443.90 million. During the same period in the previous year, the business earned $0.61 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts expect that Bright Horizons Family Solutions will post $2.64 EPS for the current fiscal year.

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In related news, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $79.11, for a total transaction of $527,347.26. Following the completion of the transaction, the director now directly owns 67,284 shares of the company’s stock, valued at approximately $5,322,837.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total transaction of $79,980.00. Following the transaction, the chief operating officer now directly owns 32,266 shares of the company’s stock, valued at $2,580,634.68. The disclosure for this sale can be found here. Insiders have sold a total of 61,763 shares of company stock valued at $4,920,470 over the last three months. 2.90% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its holdings in Bright Horizons Family Solutions by 3.2% during the 1st quarter. State Street Corp now owns 840,444 shares of the company’s stock valued at $60,918,000 after purchasing an additional 25,721 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Bright Horizons Family Solutions by 3.1% during 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 last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Bright Horizons Family Solutions by 8.5% during 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 last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Bright Horizons Family Solutions by 79.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,108 shares of the company’s stock valued at $2,865,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Bright Horizons Family Solutions by 15.8% during 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 last quarter. 97.08% 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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