The Bright Horizons Family Solutions Inc (BFAM) Rating Lowered to Hold at Zacks Investment Research

The Bright Horizons Family Solutions Inc (BFAM) Rating Lowered to Hold at Zacks Investment Research

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. “

Bright Horizons Family Solutions Inc (NYSE:BFAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Several other equities analysts also recently weighed in on the company. Credit Suisse Group AG reiterated an “outperform” rating and set a $80.00 target price on shares of Bright Horizons Family Solutions in a research report on Monday, April 17th. William Blair reiterated a “market perform” rating on shares of Bright Horizons Family Solutions in a research report on Friday, February 10th. BMO Capital Markets reiterated a “hold” rating and set a $83.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, May 5th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $74.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, February 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $79.86.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at 77.84 on Thursday. The stock has a market cap of $4.66 billion, a PE ratio of 42.58 and a beta of 0.16. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $81.23. The company’s 50-day moving average price is $76.52 and its 200-day moving average price is $71.67. Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, May 4th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The company had revenue of $422 million for the quarter, compared to the consensus estimate of $422.32 million. Bright Horizons Family Solutions had a return on equity of 17.57% and a net margin of 6.04%. Bright Horizons Family Solutions’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts anticipate that Bright Horizons Family Solutions will post $2.61 earnings per share for the current year.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at 77.84 on Thursday. The stock has a market cap of $4.66 billion, a PE ratio of 42.58 and a beta of 0.16. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $81.23. The company’s 50-day moving average price is $76.52 and its 200-day moving average price is $71.67. In other news, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $69.37, for a total value of $462,420.42. Following the transaction, the director now directly owns 91,468 shares in the company, valued at $6,345,135.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mandy Berman sold 3,697 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $69.09, for a total value of $255,425.73. Following the completion of the transaction, the chief accounting officer now owns 27,218 shares in the company, valued at $1,880,491.62. The disclosure for this sale can be found here. Insiders sold 4,235,388 shares of company stock worth $335,216,091 over the last 90 days. Company insiders own 4.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Brown Advisory Inc. increased its position in shares of Bright Horizons Family Solutions by 7.2% in the fourth quarter. Brown Advisory Inc. now owns 1,016,337 shares of the company’s stock valued at $71,164,000 after buying an additional 68,335 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $724,000. Columbia Wanger Asset Management LLC increased its position in shares of Bright Horizons Family Solutions by 36.0% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 605,315 shares of the company’s stock valued at $42,384,000 after buying an additional 160,365 shares during the last quarter. State Street Corp increased its position in shares of Bright Horizons Family Solutions by 5.9% in the fourth quarter. State Street Corp now owns 814,723 shares of the company’s stock valued at $57,048,000 after buying an additional 45,076 shares during the last quarter. Finally, Turner Investments LLC acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $280,000. Institutional investors and hedge funds own 99.98% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BFAM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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