StockNews.com Begins Coverage on Bright Horizons Family Solutions (NYSE:BFAM)

Investment analysts at StockNews.com assumed coverage on shares of Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Several other brokerages also recently issued reports on BFAM. Citigroup downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $101.00 in a research report on Friday, May 12th. TheStreet upgraded shares of Bright Horizons Family Solutions from a “d+” rating to a “c-” rating in a research report on Monday, January 30th. The Goldman Sachs Group cut their price target on shares of Bright Horizons Family Solutions from $94.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, February 17th. Robert W. Baird increased their price target on shares of Bright Horizons Family Solutions from $68.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. Finally, BMO Capital Markets cut their price target on shares of Bright Horizons Family Solutions from $84.00 to $81.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $78.43.

Bright Horizons Family Solutions Stock Up 1.4 %

BFAM opened at $86.99 on Thursday. The firm’s 50-day simple moving average is $79.44 and its 200-day simple moving average is $74.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.47 and a current ratio of 0.47. Bright Horizons Family Solutions has a twelve month low of $54.19 and a twelve month high of $94.89. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 73.72 and a beta of 1.22.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. The business had revenue of $529.52 million for the quarter, compared to the consensus estimate of $528.43 million. Bright Horizons Family Solutions had a net margin of 3.28% and a return on equity of 12.08%. Equities research analysts anticipate that Bright Horizons Family Solutions will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 10,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $90.54, for a total transaction of $905,400.00. Following the completion of the sale, the director now directly owns 55,768 shares of the company’s stock, valued at approximately $5,049,234.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Stephen Howard Kramer sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $90.44, for a total transaction of $434,112.00. Following the completion of the transaction, the chief executive officer now directly owns 137,518 shares of the company’s stock, valued at approximately $12,437,127.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $90.54, for a total transaction of $905,400.00. Following the transaction, the director now directly owns 55,768 shares of the company’s stock, valued at $5,049,234.72. The disclosure for this sale can be found here. In the last three months, insiders sold 27,480 shares of company stock valued at $2,450,769. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV grew its stake in shares of Bright Horizons Family Solutions by 9.3% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 3,517 shares of the company’s stock worth $271,000 after acquiring an additional 299 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 5.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,667,446 shares of the company’s stock valued at $205,367,000 after buying an additional 142,100 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Bright Horizons Family Solutions by 1.3% in the 1st quarter. Segall Bryant & Hamill LLC now owns 77,878 shares of the company’s stock valued at $5,995,000 after buying an additional 975 shares during the last quarter. State Street Corp boosted its holdings in shares of Bright Horizons Family Solutions by 3.9% in the 1st quarter. State Street Corp now owns 896,891 shares of the company’s stock valued at $69,052,000 after buying an additional 33,842 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of Bright Horizons Family Solutions by 38.1% in the 1st quarter. Frontier Capital Management Co. LLC now owns 729,601 shares of the company’s stock valued at $56,172,000 after buying an additional 201,376 shares during the last quarter.

Bright Horizons Family Solutions Company Profile

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Bright Horizons Family Solutions, Inc engages in the provision of child care and early education, dependent care, and workforce education services. It operates through the following segments: Full-Service Center-Based Child Care, Back-Up Care Services, Educational Advisory and Other Services. The Full-Service Center-Based Child Care segment consists of traditional center-based child care and early education, preschool, and elementary education.