Bright Horizons Family Solutions (NYSE:BFAM) Upgraded at Baird R W

Baird R W upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a hold rating to a strong-buy rating in a report published on Friday morning,Zacks.com reports.

BFAM has been the subject of several other research reports. Morgan Stanley increased their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Barclays boosted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.50.

Bright Horizons Family Solutions Price Performance

BFAM opened at $113.08 on Friday. The firm has a market capitalization of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The business’s 50-day moving average is $128.51 and its two-hundred day moving average is $122.57. Bright Horizons Family Solutions has a 1 year low of $86.79 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. Research analysts anticipate that Bright Horizons Family Solutions will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.22% of the stock is owned by corporate insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds have recently modified their holdings of BFAM. Massachusetts Financial Services Co. MA boosted its holdings in Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after buying an additional 423,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock worth $337,832,000 after acquiring an additional 44,893 shares during the period. State Street Corp boosted its stake in shares of Bright Horizons Family Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after acquiring an additional 3,970 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock valued at $129,633,000 after acquiring an additional 7,597 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after purchasing an additional 51,024 shares in the last quarter.

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.