Bright Horizons Family Solutions Inc (NYSE:BFAM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $95.99 and last traded at $95.44, with a volume of 137100 shares changing hands. The stock had previously closed at $95.43.

A number of research firms recently issued reports on BFAM. Robert W. Baird restated a “hold” rating and issued a $100.00 target price on shares of Bright Horizons Family Solutions in a report on Tuesday, January 9th. Macquarie began coverage on shares of Bright Horizons Family Solutions in a report on Thursday, December 21st. They issued a “neutral” rating and a $95.00 target price for the company. Royal Bank of Canada restated a “buy” rating and issued a $89.00 target price on shares of Bright Horizons Family Solutions in a report on Wednesday, December 20th. Barclays reaffirmed a “buy” rating and set a $105.00 price target on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 27th. Finally, Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bright Horizons Family Solutions has an average rating of “Hold” and a consensus target price of $96.13.

The stock has a market capitalization of $5,690.00, a PE ratio of 47.08, a price-to-earnings-growth ratio of 1.67 and a beta of 0.13. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. Bright Horizons Family Solutions’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. equities analysts forecast that Bright Horizons Family Solutions Inc will post 2.5 EPS for the current fiscal year.

In other news, CEO Stephen Howard Kramer sold 2,962 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $95.35, for a total transaction of $282,426.70. Following the transaction, the chief executive officer now directly owns 110,323 shares of the company’s stock, valued at $10,519,298.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen I. Dreier sold 6,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $95.14, for a total transaction of $570,840.00. Following the transaction, the executive vice president now directly owns 76,038 shares in the company, valued at $7,234,255.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,606,677 shares of company stock worth $314,883,291. Corporate insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Bright Horizons Family Solutions by 11.8% in the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after acquiring an additional 410,335 shares in the last quarter. California State Teachers Retirement System raised its holdings in Bright Horizons Family Solutions by 4.1% in the second quarter. California State Teachers Retirement System now owns 90,101 shares of the company’s stock valued at $6,957,000 after acquiring an additional 3,583 shares in the last quarter. Swiss National Bank raised its holdings in Bright Horizons Family Solutions by 7.8% in the second quarter. Swiss National Bank now owns 79,179 shares of the company’s stock valued at $6,113,000 after acquiring an additional 5,700 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Bright Horizons Family Solutions by 39.7% in the second quarter. UBS Asset Management Americas Inc. now owns 28,722 shares of the company’s stock valued at $2,218,000 after acquiring an additional 8,155 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Bright Horizons Family Solutions in the second quarter valued at $1,029,000. 98.70% of the stock is currently owned by hedge funds and other institutional investors.

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About Bright Horizons Family Solutions

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.

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