Bright Horizons Family Solutions Inc. (NYSE:BFAM) Given Average Recommendation of “Hold” by Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been given an average recommendation of “Hold” by the eight analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $129.25.

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird boosted their target price on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the transaction, the chief operating officer now owns 31,825 shares in the company, valued at $4,476,186.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John Guy Casagrande sold 4,235 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.86, for a total value of $549,957.10. Following the completion of the transaction, the general counsel now directly owns 13,677 shares in the company, valued at approximately $1,776,095.22. The disclosure for this sale can be found here. Insiders sold a total of 24,635 shares of company stock valued at $3,198,948 over the last ninety days. Insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bright Horizons Family Solutions during the second quarter valued at $110,000. Sanctuary Advisors LLC purchased a new position in Bright Horizons Family Solutions during the 2nd quarter valued at about $1,754,000. Quarry LP increased its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the period. Algert Global LLC lifted its position in shares of Bright Horizons Family Solutions by 139.7% in the second quarter. Algert Global LLC now owns 39,961 shares of the company’s stock worth $4,399,000 after purchasing an additional 23,291 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth approximately $28,995,000.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $140.69 on Wednesday. The company has a market cap of $8.16 billion, a PE ratio of 99.08 and a beta of 1.48. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $141.90. The firm has a 50-day simple moving average of $132.59 and a 200 day simple moving average of $117.65. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The business had revenue of $670.10 million for the quarter, compared to analysts’ expectations of $666.17 million. During the same period in the prior year, the firm earned $0.54 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that Bright Horizons Family Solutions will post 2.98 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.