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

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $137.67.

Several research firms have weighed in on BFAM. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Morgan Stanley dropped their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 11th. UBS Group cut their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. The Goldman Sachs Group lowered their target price on 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. Finally, Jefferies Financial Group cut their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd.

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Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares in the company, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BFAM. FMR LLC boosted its stake in Bright Horizons Family Solutions by 39.1% during the 3rd quarter. FMR LLC now owns 5,496 shares of the company's stock valued at $770,000 after purchasing an additional 1,545 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Bright Horizons Family Solutions by 37.4% in the third quarter. Quantinno Capital Management LP now owns 4,363 shares of the company's stock valued at $611,000 after buying an additional 1,187 shares during the period. State Street Corp lifted its holdings in shares of Bright Horizons Family Solutions by 0.4% in the third quarter. State Street Corp now owns 999,263 shares of the company's stock valued at $140,027,000 after buying an additional 3,970 shares during the period. Wolverine Trading LLC bought a new position in Bright Horizons Family Solutions during the third quarter valued at about $314,000. Finally, Jane Street Group LLC grew its holdings in Bright Horizons Family Solutions by 43.5% during the third quarter. Jane Street Group LLC now owns 30,136 shares of the company's stock worth $4,223,000 after acquiring an additional 9,140 shares during the period.

Bright Horizons Family Solutions Stock Down 0.1 %

Shares of BFAM stock traded down $0.14 during trading hours on Friday, hitting $118.07. 318,805 shares of the company were exchanged, compared to its average volume of 436,172. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 49.20 and a beta of 1.31. Bright Horizons Family Solutions has a one year low of $100.59 and a one year high of $141.90. The business's 50-day simple moving average is $124.03 and its two-hundred day simple moving average is $121.04. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Sell-side analysts predict that Bright Horizons Family Solutions will post 3.61 EPS for the current fiscal 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.