Bright Horizons Family Solutions (NYSE:BFAM) Downgraded to Hold Rating by Jefferies Financial Group

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) was downgraded by stock analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a report issued on Monday, MarketBeat Ratings reports. They currently have a $135.00 price objective on the stock, down from their previous price objective of $146.00. Jefferies Financial Group's price objective would suggest a potential upside of 12.19% from the stock's current price.

Separately, Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $138.67.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded down $0.85 during trading hours on Monday, reaching $120.33. 668,911 shares of the company were exchanged, compared to its average volume of 465,334. The business has a 50 day moving average of $123.82 and a 200 day moving average of $120.97. Bright Horizons Family Solutions has a 1-year low of $103.75 and a 1-year high of $141.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $6.89 billion, a P/E ratio of 43.44 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. Bright Horizons Family Solutions's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. Research analysts forecast that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $128.49, for a total transaction of $321,225.00. Following the sale, the director now directly owns 20,257 shares of the company's stock, valued at approximately $2,602,821.93. This trade represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David H. Lissy sold 6,282 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total transaction of $817,288.20. Following the completion of the transaction, the director now owns 69,312 shares of the company's stock, valued at approximately $9,017,491.20. This trade represents a 8.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,282 shares of company stock valued at $1,726,433. 1.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC boosted its position in shares of Bright Horizons Family Solutions by 5.0% during the 4th quarter. Sanctuary Advisors LLC now owns 17,773 shares of the company's stock valued at $1,970,000 after purchasing an additional 853 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Bright Horizons Family Solutions by 45.4% during the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock worth $12,768,000 after purchasing an additional 35,959 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Bright Horizons Family Solutions by 62.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock valued at $787,000 after buying an additional 2,739 shares during the period. Impax Asset Management Group plc grew its stake in shares of Bright Horizons Family Solutions by 25.2% in the 4th quarter. Impax Asset Management Group plc now owns 25,530 shares of the company's stock valued at $2,830,000 after buying an additional 5,142 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Bright Horizons Family Solutions by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 213,222 shares of the company's stock valued at $23,636,000 after buying an additional 4,494 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.