Bright Horizons Family Solutions Inc. (BFAM) Upgraded to “Strong-Buy” by BidaskClub
BidaskClub upgraded shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a buy rating to a strong-buy rating in a report issued on Thursday morning.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised 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. Citigroup Inc. reiterated a buy rating and issued a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. BMO Capital Markets reissued a market perform rating and issued a $85.00 price target (up from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a buy rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Bright Horizons Family Solutions has an average rating of Buy and a consensus price target of $84.17.
Shares of Bright Horizons Family Solutions (NYSE BFAM) opened at 86.21 on Thursday. The firm has a market cap of $5.10 billion, a P/E ratio of 46.00 and a beta of 0.14. Bright Horizons Family Solutions has a 12 month low of $59.00 and a 12 month high of $86.30. The company has a 50-day moving average of $79.76 and a 200-day moving average of $76.37.
Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The company had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities analysts forecast that Bright Horizons Family Solutions will post $2.64 EPS for the current fiscal year.
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In other news, COO Mary Lou Burke sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $76.60, for a total value of $383,000.00. Following the transaction, the chief operating officer now owns 36,266 shares in the company, valued at approximately $2,777,975.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $76.11, for a total transaction of $507,349.26. Following the completion of the sale, the director now directly owns 67,284 shares of the company’s stock, valued at $5,120,985.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,429 shares of company stock valued at $5,810,819. Corporate insiders own 2.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its stake in Bright Horizons Family Solutions by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after buying an additional 1,000 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter worth $123,000. Advisor Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 213.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after acquiring an additional 1,354 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Bright Horizons Family Solutions by 83.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after acquiring an additional 1,193 shares in the last quarter. Finally, Connable Office Inc. purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter worth $208,000. Hedge funds and other institutional investors own 97.08% of the company’s stock.
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.
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