BidaskClub cut shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

A number of other research analysts also recently issued reports on BFAM. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a buy rating to a hold rating in a research report on Wednesday, April 12th. Credit Suisse Group restated an outperform rating and set a $80.00 target price on shares of Bright Horizons Family Solutions in a research report on Monday, April 17th. Finally, BMO Capital Markets restated a hold rating and set a $83.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, May 5th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $81.00.

Bright Horizons Family Solutions (NYSE:BFAM) traded up 0.63% during midday trading on Wednesday, hitting $78.14. The stock had a trading volume of 18,530 shares. Bright Horizons Family Solutions has a 52-week low of $59.00 and a 52-week high of $81.23. The firm has a 50-day moving average of $77.17 and a 200 day moving average of $72.65. The firm has a market capitalization of $4.67 billion, a P/E ratio of 42.75 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $422 million during the quarter, compared to the consensus estimate of $422.32 million. Bright Horizons Family Solutions had a net margin of 6.93% and a return on equity of 18.51%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that Bright Horizons Family Solutions will post $2.61 EPS for the current year.

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In other news, EVP Stephen I. Dreier sold 2,834 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $75.00, for a total transaction of $212,550.00. Following the completion of the sale, the executive vice president now owns 77,834 shares of the company’s stock, valued at $5,837,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bain Capital Investors Llc sold 4,124,534 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $79.25, for a total transaction of $326,869,319.50. The disclosure for this sale can be found here. Insiders sold 4,229,693 shares of company stock valued at $334,985,492 in the last ninety days. 2.90% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in BFAM. CWM LLC bought a new stake in Bright Horizons Family Solutions during the first quarter worth approximately $1,953,000. Atria Investments LLC bought a new stake in Bright Horizons Family Solutions during the first quarter worth approximately $238,000. Parametrica Management Ltd boosted its stake in Bright Horizons Family Solutions by 0.9% in the first quarter. Parametrica Management Ltd now owns 5,927 shares of the company’s stock worth $430,000 after buying an additional 50 shares in the last quarter. Daiwa SB Investments Ltd. bought a new stake in Bright Horizons Family Solutions during the first quarter worth approximately $1,081,000. Finally, Macquarie Group Ltd. boosted its stake in Bright Horizons Family Solutions by 0.5% in the fourth quarter. Macquarie Group Ltd. now owns 430,637 shares of the company’s stock worth $30,153,000 after buying an additional 2,317 shares in the last quarter. 99.33% of the stock is owned by institutional investors and hedge funds.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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