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

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

BFAM has been the topic of several other reports. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research note on Friday. UBS Group boosted their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Finally, Morgan Stanley raised their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an "underweight" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and a consensus target price of $141.50.

Bright Horizons Family Solutions Trading Up 1.8 %

Shares of Bright Horizons Family Solutions stock traded up $2.03 during trading hours on Friday, hitting $113.08. The company's stock had a trading volume of 767,113 shares, compared to its average volume of 750,017. The business has a fifty day moving average of $128.51 and a 200 day moving average of $122.45. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 1-year low of $86.79 and a 1-year high of $141.90. The company has a market capitalization of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same period last year, the firm earned $0.78 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts forecast that Bright Horizons Family Solutions will post 3 EPS for the current year.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of institutional investors have recently added to or reduced their stakes in BFAM. Anchor Investment Management LLC raised its position in Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock worth $92,000 after acquiring an additional 529 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock worth $129,633,000 after purchasing an additional 7,597 shares in the last quarter. Barclays PLC raised its holdings in shares of Bright Horizons Family Solutions by 24.6% in the 3rd quarter. Barclays PLC now owns 19,215 shares of the company's stock worth $2,693,000 after purchasing an additional 3,796 shares in the last quarter. MML Investors Services LLC lifted its stake in Bright Horizons Family Solutions by 17.3% during the third quarter. MML Investors Services LLC now owns 8,082 shares of the company's stock valued at $1,133,000 after purchasing an additional 1,190 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in Bright Horizons Family Solutions by 11.4% during the third quarter. XTX Topco Ltd now owns 6,103 shares of the company's stock worth $855,000 after buying an additional 626 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.