Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives Average Rating of “Moderate Buy” from Brokerages

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $137.75.

A number of research analysts have recently commented on the company. Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $106.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday, July 28th. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $146.00 to $135.00 in a research report on Monday, June 23rd.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $121.40 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions has a fifty-two week low of $103.75 and a fifty-two week high of $141.90. The firm has a 50-day simple moving average of $119.03 and a 200 day simple moving average of $122.11. The company has a market cap of $6.90 billion, a PE ratio of 39.80 and a beta of 1.34.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The business had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.99, for a total transaction of $128,990.00. Following the sale, the chief operating officer directly owned 28,449 shares of the company’s stock, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David H. Lissy sold 6,282 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total transaction of $817,288.20. Following the sale, the director directly owned 69,312 shares in the company, valued at $9,017,491.20. This represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,282 shares of company stock worth $2,212,923. Corporate insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Larson Financial Group LLC raised its holdings in shares of Bright Horizons Family Solutions by 62.2% during the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock worth $26,000 after acquiring an additional 79 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 4.1% during the first quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company’s stock worth $267,000 after acquiring an additional 82 shares during the period. GAMMA Investing LLC grew its position in Bright Horizons Family Solutions by 18.3% in the second quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $69,000 after purchasing an additional 87 shares in the last quarter. Bank of Montreal Can grew its position in Bright Horizons Family Solutions by 3.6% in the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company’s stock valued at $323,000 after purchasing an additional 101 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Bright Horizons Family Solutions by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,500 shares of the company’s stock valued at $1,174,000 after purchasing an additional 118 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.