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

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. “

A number of other analysts have also commented on the stock. Credit Suisse Group boosted their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a neutral rating in a research report on Thursday, November 2nd. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a market perform rating in a research report on Thursday, November 2nd. Citigroup boosted their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a buy rating in a research report on Friday, November 3rd. Robert W. Baird reissued a hold rating on shares of Bright Horizons Family Solutions in a research report on Friday, November 3rd. Finally, BidaskClub lowered shares of Bright Horizons Family Solutions from a strong-buy rating to a buy rating in a research report on Tuesday, October 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions has a consensus rating of Hold and an average target price of $90.67.

Shares of Bright Horizons Family Solutions (BFAM) opened at $91.56 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market cap of $5,430.88, a price-to-earnings ratio of 38.47, a PEG ratio of 1.83 and a beta of 0.13. Bright Horizons Family Solutions has a 1 year low of $65.00 and a 1 year high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. research analysts forecast that Bright Horizons Family Solutions will post 2.5 EPS for the current year.

In other news, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total value of $533,879.94. Following the transaction, the director now directly owns 67,284 shares of the company’s stock, valued at $5,388,775.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 10,000 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $82.33, for a total transaction of $823,300.00. Following the completion of the transaction, the chief financial officer now directly owns 150,717 shares in the company, valued at $12,408,530.61. The disclosure for this sale can be found here. Insiders have sold 3,620,458 shares of company stock worth $315,782,740 over the last ninety days. Insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 11.8% in the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after acquiring an additional 410,335 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Bright Horizons Family Solutions by 8.7% in the second quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock valued at $155,100,000 after acquiring an additional 161,469 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Bright Horizons Family Solutions by 3.6% in the third quarter. Wells Fargo & Company MN now owns 1,690,927 shares of the company’s stock valued at $145,775,000 after acquiring an additional 59,456 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Bright Horizons Family Solutions by 5.0% in the third quarter. Neuberger Berman Group LLC now owns 1,211,305 shares of the company’s stock valued at $104,427,000 after acquiring an additional 57,880 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Bright Horizons Family Solutions by 3.6% in the third quarter. Brown Advisory Inc. now owns 1,205,861 shares of the company’s stock valued at $103,958,000 after acquiring an additional 42,133 shares in the last quarter. 99.74% of the stock is currently owned by institutional investors.

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About Bright Horizons Family Solutions

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.

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