Bright Horizons Family Solutions (BFAM) Now Covered by Analysts at Macquarie

Macquarie started coverage on shares of Bright Horizons Family Solutions (NYSE:BFAM) in a research report released on Thursday. The brokerage issued a neutral rating and a $95.00 price objective on the stock.

A number of other research analysts have also recently weighed in on BFAM. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a buy rating to a hold rating in a research note on Thursday, August 31st. BidaskClub upgraded shares of Bright Horizons Family Solutions from a buy rating to a strong-buy rating in a research note on Thursday, September 28th. Barclays boosted their target price on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an overweight rating in a research note on Monday, October 2nd. BMO Capital Markets reiterated a hold rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Finally, Credit Suisse Group boosted their target price on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a neutral rating in a research note on Thursday, November 2nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $93.43.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded down $0.47 during mid-day trading on Thursday, reaching $94.22. 333,800 shares of the company’s stock were exchanged, compared to its average volume of 280,098. Bright Horizons Family Solutions has a twelve month low of $65.00 and a twelve month high of $95.82. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market cap of $5,616.55, a P/E ratio of 39.79, a price-to-earnings-growth ratio of 1.90 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. research analysts predict that Bright Horizons Family Solutions will post 2.5 earnings per share for the current fiscal year.

In related news, CEO David H. Lissy sold 79,112 shares of the company’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 $6,903,313.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joshua Bekenstein sold 3,504,999 shares of the company’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 disclosure for this sale can be found here. Over the last quarter, insiders sold 3,613,792 shares of company stock worth $315,248,860. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in BFAM. Acrospire Investment Management LLC lifted its stake 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 valued at $108,000 after buying an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in Bright Horizons Family Solutions in the 2nd quarter worth approximately $123,000. Advisor Group Inc. lifted its stake in Bright Horizons Family Solutions by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after purchasing an additional 1,354 shares in the last quarter. Zions Bancorporation purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $170,000. Finally, Keybank National Association OH purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $221,000. Institutional investors own 98.70% of the company’s stock.

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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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