Bright Horizons Family Solutions (NYSE:BFAM) Upgraded by StockNews.com to Hold Rating

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Wednesday.

BFAM has been the topic of several other research reports. Baird R W raised Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on 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. UBS Group dropped their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. The Goldman Sachs Group decreased their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research report on Friday, December 27th. Finally, 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 report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.56.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded up $0.12 during midday trading on Wednesday, hitting $121.93. The company had a trading volume of 312,571 shares, compared to its average volume of 371,693. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 61.27 and a beta of 1.45. Bright Horizons Family Solutions has a twelve month low of $94.83 and a twelve month high of $141.90. The business has a 50-day simple moving average of $114.76 and a two-hundred day simple moving average of $124.59. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

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 that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now owns 25,257 shares of the company's stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.22% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc purchased a new stake in shares of Bright Horizons Family Solutions in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at about $35,000. Tortoise Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after acquiring an additional 181 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $49,000.

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.