Zacks Investment Research cut shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

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 also recently commented on BFAM. BidaskClub downgraded Bright Horizons Family Solutions from a strong-buy rating to a buy rating in a research report on Tuesday, June 27th. Citigroup Inc. initiated coverage on Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They issued a buy rating and a $90.00 price objective for the company. BMO Capital Markets reiterated a market perform rating and issued a $85.00 price objective (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Royal Bank Of Canada reiterated a buy rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Finally, Barclays PLC raised their price objective on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an overweight rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Bright Horizons Family Solutions currently has an average rating of Buy and an average target price of $85.83.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded up 0.01% during trading on Tuesday, hitting $85.33. The company’s stock had a trading volume of 16,616 shares. The firm’s 50 day moving average is $81.51 and its 200-day moving average is $77.57. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $88.13. The company has a market capitalization of $5.05 billion, a P/E ratio of 45.53 and a beta of 0.14.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The firm had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts forecast that Bright Horizons Family Solutions will post $2.64 EPS for the current fiscal year.

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In related news, CFO Elizabeth J. Boland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was 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 owns 150,717 shares in the company, valued at approximately $12,408,530.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $79.85, for a total value of $59,887.50. Following the transaction, the chief operating officer now owns 32,016 shares of the company’s stock, valued at approximately $2,556,477.60. The disclosure for this sale can be found here. Insiders sold a total of 68,429 shares of company stock valued at $5,427,819 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC lifted its position in shares of Bright Horizons Family Solutions by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares during the period. Public Employees Retirement Association of Colorado bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $123,000. Advisor Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 213.6% during the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after buying an additional 1,354 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Bright Horizons Family Solutions by 83.5% during the 1st 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 period. Finally, Connable Office Inc. bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $208,000. Institutional investors and hedge funds 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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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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