2 weeks Ago By ABMN Staff
Bright Horizons Family Solutions Inc. ( NYSE:BFAM – Get Free Report ) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat.com reports.
Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $133.43.
Several research firms have recently weighed in on BFAM. Deutsche Bank Aktiengesellschaft boosted their price target on Bright Horizons Family Solutions from $114.00 to $140.
00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.
00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Robert W. Baird raised their price target on shares of Bright Horizons Family Solutions from $115.
00 to $131.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Barclays boosted their price objective on shares of Bright Horizons Family Solutions from $125.
00 to $160.00 and gave the company an “overweight” rating in a report on Friday. Finally, The Goldman Sachs Group raised their target price on shares of Bright Horizons Family Solutions from $125.
00 to $142.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Check Out Our Latest Report on BFAM Bright Horizons Family Solutions Stock Up 1.
2 % Bright Horizons Family Solutions ( NYSE:BFAM – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.
73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.
98% and a return on equity of 13.08%. The firm had revenue of $670.
10 million for the quarter, compared to analysts’ expectations of $666.17 million. During the same quarter in the prior year, the company posted $0.
54 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis.
Analysts predict that Bright Horizons Family Solutions will post 2.76 earnings per share for the current fiscal year. Insider Activity at Bright Horizons Family Solutions In other news, Director Mary Ann Tocio sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 4th.
The shares were sold at an average price of $108.95, for a total transaction of $435,800.00.
Following the completion of the sale, the director now owns 31,855 shares of the company’s stock, valued at approximately $3,470,602.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
In other news, Director Mary Ann Tocio sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $108.95, for a total value of $435,800.
00. Following the transaction, the director now owns 31,855 shares of the company’s stock, valued at $3,470,602.25.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Lightfoot Sara Lawrence sold 4,597 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $107.
23, for a total value of $492,936.31. The disclosure for this sale can be found here .
Over the last ninety days, insiders sold 33,232 shares of company stock worth $4,100,300. 1.22% of the stock is owned by company insiders.
Institutional Trading of Bright Horizons Family Solutions Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP raised its stake in Bright Horizons Family Solutions by 68.3% during the 2nd quarter.
Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the period. Algert Global LLC grew its holdings in Bright Horizons Family Solutions by 139.7% during the 2nd quarter.
Algert Global LLC now owns 39,961 shares of the company’s stock valued at $4,399,000 after buying an additional 23,291 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $28,995,000. Point72 Asia Singapore Pte.
Ltd. purchased a new position in shares of Bright Horizons Family Solutions in the second quarter worth $110,000. Finally, Squarepoint Ops LLC boosted its position in shares of Bright Horizons Family Solutions by 51.
3% during the second quarter. Squarepoint Ops LLC now owns 16,821 shares of the company’s stock worth $1,852,000 after acquiring an additional 5,706 shares during the last quarter. 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 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. Recommended Stories 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 .
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