Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Bright Horizons Family Solutions Inc. (NYSE:BFAM) has received a consensus recommendation of "Moderate Buy" from analysts, with an average 12-month price target of $137.75.
• Recent insider sales include COO Mary Lou Burke and CFO Elizabeth J. Boland, with combined transactions totaling over $591,000.
• The company reported a 9.2% year-over-year revenue increase for its most recent quarter, with earnings per share beating expectations by $0.07.

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $137.75.

BFAM has been the subject of a number of research analyst reports. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their target price for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. Morgan Stanley lowered their price objective on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the sale, the chief operating officer owned 28,449 shares of the company's stock, valued at $3,669,636.51. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elizabeth J. Boland sold 3,500 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total transaction of $462,560.00. Following the completion of the sale, the chief financial officer directly owned 80,162 shares in the company, valued at $10,594,209.92. This trade represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,282 shares of company stock worth $2,212,923 over the last ninety days. Company insiders own 1.21% of the company's stock.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Bright Horizons Family Solutions by 62.2% during the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after purchasing an additional 79 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $29,000. Parallel Advisors LLC lifted its holdings in shares of Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC lifted its holdings in shares of Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 98.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company's stock valued at $43,000 after purchasing an additional 167 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM opened at $121.40 on Friday. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 39.80 and a beta of 1.34. The company has a current ratio of 0.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.57. The company's 50-day moving average is $119.03 and its two-hundred day moving average is $122.11. Bright Horizons Family Solutions has a 12-month low of $103.75 and a 12-month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.07. The business had revenue of $731.57 million for the quarter, compared to analyst estimates of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The company's revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. Research analysts expect that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

About Bright Horizons Family Solutions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.