Bright Horizons Family Solutions (NYSE:BFAM) Rating Increased to Hold at StockNews.com

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. BMO Capital Markets lifted their price target on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a "market perform" rating in a research note on Friday. Barclays upgraded Bright Horizons Family Solutions from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. UBS Group decreased their price objective on Bright Horizons Family Solutions from $103.00 to $102.00 and set a "neutral" rating on the stock in a report on Wednesday, February 14th. Finally, Robert W. Baird upped their target price on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $106.63.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded up $6.96 during trading hours on Friday, reaching $111.23. The company had a trading volume of 651,825 shares, compared to its average volume of 339,075. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions has a one year low of $71.65 and a one year high of $119.21. The firm has a market cap of $6.45 billion, a PE ratio of 87.58, a price-to-earnings-growth ratio of 3.99 and a beta of 1.38. The business has a fifty day simple moving average of $111.11 and a 200 day simple moving average of $98.68.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. The business had revenue of $615.65 million for the quarter, compared to analyst estimates of $588.63 million. On average, analysts anticipate that Bright Horizons Family Solutions will post 2.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the transaction, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Elizabeth J. Boland sold 15,640 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares of the company's stock, valued at approximately $10,237,365.91. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the sale, the chief operating officer now owns 37,253 shares in the company, valued at approximately $3,911,565. The disclosure for this sale can be found here. Insiders own 1.28% of the company's stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth $57,363,000. Public Employees Retirement Association of Colorado increased its position in shares of Bright Horizons Family Solutions by 4,227.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company's stock valued at $27,709,000 after purchasing an additional 287,229 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 11.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company's stock worth $155,849,000 after purchasing an additional 191,545 shares during the period. Comerica Bank purchased a new position in shares of Bright Horizons Family Solutions in the third quarter worth approximately $10,590,000. Finally, Capital World Investors grew its position in Bright Horizons Family Solutions by 10.5% during the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company's stock valued at $127,076,000 after buying an additional 128,632 shares during the period.

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.

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