Bright Horizons Family Solutions Inc. (BFAM) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a buy rating to a hold rating in a report released on Monday morning.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

Other research analysts have also recently issued research reports about the company. BMO Capital Markets reissued a hold rating and issued a $83.00 price objective on shares of Bright Horizons Family Solutions in a research note on Friday, May 5th. Credit Suisse Group cut Bright Horizons Family Solutions from an outperform rating to a neutral rating and increased their price objective for the stock from $80.00 to $83.00 in a research note on Friday, May 12th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $79.86.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded up 0.48% during midday trading on Monday, hitting $77.37. The stock had a trading volume of 246,046 shares. The company has a market cap of $4.63 billion, a PE ratio of 42.32 and a beta of 0.12. Bright Horizons Family Solutions has a 52-week low of $59.00 and a 52-week high of $81.23. The company’s 50 day moving average is $77.26 and its 200 day moving average is $72.22.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Bright Horizons Family Solutions had a return on equity of 18.51% and a net margin of 6.93%. The company had revenue of $422 million for the quarter, compared to analysts’ expectations of $422.32 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Bright Horizons Family Solutions’s revenue was up 9.5% compared to the same quarter last year. On average, analysts anticipate that Bright Horizons Family Solutions will post $2.61 earnings per share for the current year.

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In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 4,000 shares of the stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $69.08, for a total transaction of $276,320.00. Following the sale, the chief financial officer now owns 149,242 shares of the company’s stock, valued at approximately $10,309,637.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 2,000 shares of the stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $70.87, for a total value of $141,740.00. Following the sale, the chief operating officer now directly owns 32,012 shares in the company, valued at approximately $2,268,690.44. The disclosure for this sale can be found here. Insiders have sold a total of 4,240,390 shares of company stock worth $335,678,096 in the last ninety days. Insiders own 2.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. FTB Advisors Inc. boosted its stake in Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock worth $126,000 after buying an additional 857 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after buying an additional 1,193 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth $220,000. Comerica Bank acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth $232,000. Finally, Atria Investments LLC acquired a new stake in Bright Horizons Family Solutions during the first quarter worth $238,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BFAM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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