Bright Horizons Family Solutions (NYSE:BFAM) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a sell rating to a hold rating in a research note released on Friday morning.

A number of other equities research analysts have also recently commented on BFAM. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a market perform rating in a research note on Friday. The Goldman Sachs Group increased their price target on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. Barclays upgraded Bright Horizons Family Solutions from an equal weight rating to an overweight rating and boosted their price objective for the company from $100.00 to $125.00 in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their target price on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an overweight rating in a research note on Friday. Finally, Robert W. Baird boosted their price target on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a neutral rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $106.63.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $114.52 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78. Bright Horizons Family Solutions has a 12-month low of $71.65 and a 12-month high of $119.21. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 80.65, a price-to-earnings-growth ratio of 4.28 and a beta of 1.38. The firm has a 50 day moving average of $111.25 and a 200 day moving average of $99.20.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. The company had revenue of $615.65 million for the quarter, compared to analysts’ expectations of $588.63 million. On average, research analysts anticipate that Bright Horizons Family Solutions will post 2.69 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at $3,911,565. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the sale, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Bright Horizons Family Solutions during the fourth quarter valued at approximately $57,363,000. Public Employees Retirement Association of Colorado grew its stake in Bright Horizons Family Solutions by 4,227.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock worth $27,709,000 after buying an additional 287,229 shares during the last quarter. William Blair Investment Management LLC increased its position in Bright Horizons Family Solutions by 11.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company’s stock valued at $155,849,000 after buying an additional 191,545 shares in the last quarter. Comerica Bank acquired a new position in Bright Horizons Family Solutions during the 3rd quarter valued at about $10,590,000. Finally, Capital World Investors boosted its holdings in Bright Horizons Family Solutions by 10.5% in the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after acquiring an additional 128,632 shares in the last quarter.

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.