Bright Horizons Family Solutions Inc. (NYSE:BFAM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $138.25.

Several research analysts have issued reports on BFAM shares. StockNews.com downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, December 12th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. UBS Group lifted their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Friday, November 22nd.

Insider Activity at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its stake in shares of Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after acquiring an additional 423,456 shares in the last quarter. Millennium Management LLC acquired a new position in Bright Horizons Family Solutions during the second quarter worth $28,995,000. Point72 Asset Management L.P. boosted its position in Bright Horizons Family Solutions by 64.1% during the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after purchasing an additional 222,823 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Bright Horizons Family Solutions by 174.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock valued at $48,260,000 after purchasing an additional 218,707 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in Bright Horizons Family Solutions in the third quarter valued at $13,639,000.

Bright Horizons Family Solutions Stock Up 0.5 %

BFAM opened at $112.82 on Friday. Bright Horizons Family Solutions has a one year low of $92.40 and a one year high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $6.56 billion, a P/E ratio of 56.69 and a beta of 1.44. The business’s 50-day simple moving average is $113.56 and its 200-day simple moving average is $123.55.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Analysts anticipate that Bright Horizons Family Solutions will post 3.01 EPS for the current year.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.