Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $106.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective increased by Morgan Stanley from $100.00 to $106.00 in a research report released on Tuesday, Marketbeat Ratings reports. They currently have an underweight rating on the stock.

BFAM has been the topic of several other research reports. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Jefferies Financial Group decreased their target price on 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. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.33.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $122.19 on Tuesday. The business’s fifty day moving average is $122.37 and its 200 day moving average is $119.49. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 50.91 and a beta of 1.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions has a 52-week low of $100.59 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Research analysts predict that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, the director now owns 22,757 shares of the company’s stock, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,500 shares of company stock valued at $561,900 over the last three months. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its holdings in Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company’s stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Bright Horizons Family Solutions by 4.1% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,104 shares of the company’s stock worth $267,000 after acquiring an additional 82 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Bright Horizons Family Solutions by 0.7% during 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 boosted its stake in Bright Horizons Family Solutions by 3.6% during the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company’s stock worth $323,000 after acquiring an additional 101 shares in the last quarter. Finally, Accretive Wealth Partners LLC grew its holdings in Bright Horizons Family Solutions by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after purchasing an additional 111 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.