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

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $140.75.

Several brokerages recently issued reports on BFAM. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Barclays increased their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. UBS Group increased their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th.

Insider Buying and Selling 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 transaction of $573,550.00. Following the transaction, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several large investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its position in shares of Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Bright Horizons Family Solutions by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock worth $337,832,000 after acquiring an additional 44,893 shares during the last quarter. State Street Corp lifted its holdings in Bright Horizons Family Solutions by 0.4% in the third quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after acquiring an additional 3,970 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bright Horizons Family Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after acquiring an additional 7,597 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after acquiring an additional 51,024 shares during the last quarter.

Bright Horizons Family Solutions Trading Down 0.4 %

BFAM stock opened at $109.72 on Monday. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 55.14 and a beta of 1.43. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $121.29 and a 200-day simple moving average of $123.04. Bright Horizons Family Solutions has a 52 week low of $88.58 and a 52 week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same period in the prior year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities research analysts expect 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.