Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $145.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target raised by UBS Group from $128.00 to $145.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on BFAM. The Goldman Sachs Group lifted their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a buy rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an overweight rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a hold rating in a research report on Friday, August 2nd. Robert W. Baird boosted their price objective on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a market perform rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $134.63.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $132.90 on Tuesday. The company has a 50 day moving average price of $137.02 and a 200-day moving average price of $119.47. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $141.90. The stock has a market capitalization of $7.71 billion, a PE ratio of 93.59 and a beta of 1.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The business had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 EPS. Equities analysts predict that Bright Horizons Family Solutions will post 2.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now directly owns 30,257 shares of the company’s stock, valued at $3,961,549.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at approximately $4,248,563.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,635 shares of company stock valued at $3,220,340. 1.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of institutional investors have recently bought and sold shares of the business. RMB Capital Management LLC boosted its position in shares of Bright Horizons Family Solutions by 1.8% in the fourth quarter. RMB Capital Management LLC now owns 82,814 shares of the company’s stock valued at $7,804,000 after acquiring an additional 1,492 shares during the period. Palisade Capital Management LP boosted its holdings in Bright Horizons Family Solutions by 25.3% in the fourth quarter. Palisade Capital Management LP now owns 174,027 shares of the company’s stock valued at $16,400,000 after acquiring an additional 35,111 shares during the last quarter. Integrated Advisors Network LLC bought a new position in Bright Horizons Family Solutions during the fourth quarter worth about $212,000. Vanguard Group Inc. boosted its holdings in Bright Horizons Family Solutions by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,326,816 shares of the company’s stock worth $501,999,000 after buying an additional 41,506 shares during the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in Bright Horizons Family Solutions during the fourth quarter worth about $192,000.

Bright Horizons Family Solutions Company Profile

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.