Bright Horizons Family Solutions (NYSE:BFAM) Lifted to “Hold” at StockNews.com

Posted by on Jul 14th, 2023

Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities analysts have also issued research reports about the stock. Morgan Stanley upped their price target on shares of Bright Horizons Family Solutions from $57.00 to $61.00 in a research report on Monday, June 26th. Citigroup lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $101.00 in a research report on Friday, May 12th. Finally, UBS Group started coverage on shares of Bright Horizons Family Solutions in a research report on Wednesday, May 31st. They set a “sell” rating and a $79.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $79.00.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $98.49 on Friday. The stock has a market cap of $5.69 billion, a P/E ratio of 83.47 and a beta of 1.21. Bright Horizons Family Solutions has a 12-month low of $54.19 and a 12-month high of $98.87. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $89.99 and a two-hundred day moving average of $80.81.

Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $553.61 million during the quarter, compared to analyst estimates of $531.41 million. Bright Horizons Family Solutions had a net margin of 3.28% and a return on equity of 12.08%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, research analysts predict that Bright Horizons Family Solutions will post 2.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 5,000 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $84.38, for a total transaction of $421,900.00. Following the sale, the chief executive officer now directly owns 147,993 shares of the company’s stock, valued at $12,487,649.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mary Ann Tocio sold 10,000 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $90.54, for a total value of $905,400.00. Following the sale, the director now owns 55,768 shares of the company’s stock, valued at approximately $5,049,234.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Howard Kramer sold 5,000 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $84.38, for a total transaction of $421,900.00. Following the completion of the sale, the chief executive officer now directly owns 147,993 shares in the company, valued at approximately $12,487,649.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,762 shares of company stock valued at $2,638,463. Company insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several large investors have recently bought and sold shares of the stock. Morgan Stanley boosted its holdings in shares of Bright Horizons Family Solutions by 301.8% in the fourth quarter. Morgan Stanley now owns 856,581 shares of the company’s stock worth $54,050,000 after buying an additional 643,410 shares during the period. Norges Bank acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $35,706,000. Brown Advisory Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 19.7% in the fourth quarter. Brown Advisory Inc. now owns 3,060,431 shares of the company’s stock worth $193,113,000 after buying an additional 502,684 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 249.9% during the first quarter. Goldman Sachs Group Inc. now owns 476,170 shares of the company’s stock worth $63,183,000 after purchasing an additional 340,088 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Bright Horizons Family Solutions by 9.7% during the first quarter. JPMorgan Chase & Co. now owns 3,509,737 shares of the company’s stock worth $270,216,000 after purchasing an additional 309,359 shares during the period.

Bright Horizons Family Solutions Company Profile

(Get Free Report)

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

Read More

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

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.