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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $138.67.

A number of analysts have recently issued reports on BFAM shares. Morgan Stanley lifted their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 6th. Jefferies Financial Group cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and lowered their target price for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd.

Insider Activity

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the firm’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the sale, the director directly owned 69,312 shares in the company, valued at approximately $9,017,491.20. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total transaction of $122,560.00. Following the completion of the sale, the chief operating officer directly owned 29,449 shares in the company, valued at approximately $3,609,269.44. This represents a 3.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,282 shares of company stock worth $1,848,993. Insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in BFAM. PNC Financial Services Group Inc. boosted its stake in Bright Horizons Family Solutions by 20.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,750 shares of the company’s stock worth $194,000 after buying an additional 300 shares during the period. Xponance Inc. raised its holdings in Bright Horizons Family Solutions by 10.7% in the fourth quarter. Xponance Inc. now owns 3,862 shares of the company’s stock worth $428,000 after purchasing an additional 374 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Bright Horizons Family Solutions by 5.9% during the fourth quarter. Teacher Retirement System of Texas now owns 20,825 shares of the company’s stock valued at $2,308,000 after acquiring an additional 1,152 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Bright Horizons Family Solutions by 645.8% during the fourth quarter. Quantbot Technologies LP now owns 16,400 shares of the company’s stock valued at $1,818,000 after acquiring an additional 14,201 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Bright Horizons Family Solutions by 29.5% in the fourth quarter. American Century Companies Inc. now owns 711,745 shares of the company’s stock valued at $78,897,000 after buying an additional 162,278 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock opened at $114.14 on Tuesday. The business has a fifty day simple moving average of $122.65 and a two-hundred day simple moving average of $122.07. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.53 billion, a P/E ratio of 41.21 and a beta of 1.30. Bright Horizons Family Solutions has a 12 month low of $103.75 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $665.53 million for the quarter, compared to analysts’ expectations of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities analysts forecast that Bright Horizons Family Solutions will post 3.61 earnings per share for the current fiscal 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.