Bright Horizons Family Solutions Inc. (NYSE:BFAM) has earned an average recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $94.00.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Friday, September 15th. BidaskClub upgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Robert W. Baird reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Citigroup boosted their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd.

In other news, Director Joshua Bekenstein sold 3,504,999 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $305,846,212.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total transaction of $533,879.94. Following the sale, the director now owns 67,284 shares in the company, valued at approximately $5,388,775.56. The disclosure for this sale can be found here. Insiders have sold 3,650,139 shares of company stock worth $318,126,055 in the last 90 days. 2.90% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Wolverine Trading LLC acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $340,000. DF Dent & Co. Inc. raised its holdings in shares of Bright Horizons Family Solutions by 171.7% during the third quarter. DF Dent & Co. Inc. now owns 11,215 shares of the company’s stock valued at $967,000 after acquiring an additional 7,088 shares during the period. Neuberger Berman Group LLC grew its position in Bright Horizons Family Solutions by 5.0% during the third quarter. Neuberger Berman Group LLC now owns 1,211,305 shares of the company’s stock valued at $104,427,000 after purchasing an additional 57,880 shares in the last quarter. California Public Employees Retirement System grew its position in Bright Horizons Family Solutions by 6.8% during the third quarter. California Public Employees Retirement System now owns 87,108 shares of the company’s stock valued at $7,510,000 after purchasing an additional 5,508 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Bright Horizons Family Solutions by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 61,053 shares of the company’s stock valued at $5,263,000 after purchasing an additional 1,675 shares in the last quarter. Institutional investors and hedge funds own 99.74% of the company’s stock.

Bright Horizons Family Solutions (NYSE BFAM) traded up $0.25 during midday trading on Thursday, hitting $90.15. 368,901 shares of the company were exchanged, compared to its average volume of 279,341. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. Bright Horizons Family Solutions has a twelve month low of $65.00 and a twelve month high of $93.13. The company has a market cap of $5,275.49, a P/E ratio of 37.37, a P/E/G ratio of 1.79 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The business had revenue of $433.30 million for the quarter, compared to the consensus estimate of $429.36 million. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. analysts forecast that Bright Horizons Family Solutions will post 2.49 EPS for the current year.

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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.

Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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