Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $138.33 Consensus Target Price from Brokerages

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) has been given an average rating of "Moderate Buy" by the ten analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $138.33.

BFAM has been the topic of several recent analyst reports. Wall Street Zen raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Morgan Stanley boosted their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. Finally, BMO Capital Markets boosted 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 research report on Tuesday, February 18th.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total transaction of $817,288.20. Following the transaction, the director now owns 69,312 shares in the company, valued at $9,017,491.20. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.49, for a total transaction of $321,225.00. Following the sale, the director now directly owns 20,257 shares in the company, valued at $2,602,821.93. This trade represents a 10.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,782 shares of company stock worth $2,162,973 over the last ninety days. 1.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its holdings in shares of Bright Horizons Family Solutions by 60.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after acquiring an additional 1,868,117 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Bright Horizons Family Solutions by 23.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock worth $557,959,000 after acquiring an additional 845,391 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $91,536,000. Raymond James Financial Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $79,578,000. Finally, Norges Bank acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $71,842,000.

Bright Horizons Family Solutions Trading Down 0.7%

BFAM traded down $0.92 on Monday, reaching $128.28. 335,392 shares of the company traded hands, compared to its average volume of 455,957. Bright Horizons Family Solutions has a one year low of $100.59 and a one year high of $141.90. The firm has a fifty day simple moving average of $122.13 and a two-hundred day simple moving average of $119.80. The company has a market cap of $7.34 billion, a P/E ratio of 53.45 and a beta of 1.32. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, equities research analysts expect that Bright Horizons Family Solutions will post 3.61 earnings per share for the current year.

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.