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 investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Friday.

Several other equities analysts also recently weighed in on the stock. UBS Group decreased their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group decreased their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Baird R W raised shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. The Goldman Sachs Group decreased their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research note on Friday, December 27th. Finally, Morgan Stanley decreased their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $135.33.

Bright Horizons Family Solutions Price Performance

BFAM traded up $9.52 during midday trading on Friday, hitting $128.51. 1,115,353 shares of the company traded hands, compared to its average volume of 371,693. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 64.58 and a beta of 1.45. Bright Horizons Family Solutions has a 52-week low of $100.59 and a 52-week high of $141.90. The business has a 50 day simple moving average of $115.50 and a two-hundred day simple moving average of $124.68.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. On average, equities analysts forecast 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, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of institutional investors have recently made changes to their positions in the stock. OLD National Bancorp IN increased its holdings in shares of Bright Horizons Family Solutions by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock valued at $443,000 after acquiring an additional 82 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Bright Horizons Family Solutions by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock valued at $1,463,000 after acquiring an additional 96 shares during the period. Bank of Montreal Can increased its holdings in shares of Bright Horizons Family Solutions by 3.6% in the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after acquiring an additional 101 shares during the period. Accretive Wealth Partners LLC increased its holdings in shares of Bright Horizons Family Solutions by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock valued at $833,000 after acquiring an additional 111 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock valued at $601,000 after acquiring an additional 113 shares during the period.

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.