Bright Horizons Family Solutions (NYSE:BFAM) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a hold rating to a sell rating in a research report released on Wednesday morning.

Several other research firms have also recently commented on BFAM. The Goldman Sachs Group reduced their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. Morgan Stanley reduced their target price on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, December 12th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a research note on Friday, November 22nd. UBS Group increased their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.00.

Bright Horizons Family Solutions Trading Down 2.2 %

Shares of Bright Horizons Family Solutions stock opened at $115.18 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 57.88 and a beta of 1.44. The business has a fifty day simple moving average of $112.88 and a 200-day simple moving average of $124.05. Bright Horizons Family Solutions has a fifty-two week low of $94.83 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, equities analysts forecast that Bright Horizons Family Solutions will post 3.01 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.22% of the stock is owned by company insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors have recently bought and sold shares of BFAM. Dimensional Fund Advisors LP lifted its holdings in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after acquiring an additional 51,024 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $1,299,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 6.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,303 shares of the company’s stock worth $804,000 after acquiring an additional 474 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Bright Horizons Family Solutions by 103.7% during the 2nd quarter. Hsbc Holdings PLC now owns 7,713 shares of the company’s stock worth $847,000 after acquiring an additional 3,926 shares during the period. Finally, Sei Investments Co. lifted its stake in Bright Horizons Family Solutions by 45.1% in the 2nd quarter. Sei Investments Co. now owns 128,054 shares of the company’s stock valued at $14,095,000 after purchasing an additional 39,821 shares during 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.