Bright Horizons Family Solutions (NYSE:BFAM) Price Target Lowered to $96.00 at Morgan Stanley

Key Points

• Morgan Stanley has lowered its price target for Bright Horizons Family Solutions from $104.00 to $96.00, indicating a potential downside of 5.84% from the stock's previous close.
• The stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target of $131.43, despite one analyst giving a strong buy rating.
• Bright Horizons reported a 9.2% year-over-year increase in quarterly revenue, with an EPS of $1.07, which beat the consensus estimate by $0.07.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) had its price objective lowered by analysts at Morgan Stanley from $104.00 to $96.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Morgan Stanley's price target suggests a potential downside of 5.84% from the stock's previous close.

A number of other brokerages have also commented on BFAM. Weiss Ratings reiterated a "hold (c+)" rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 8th. UBS Group reduced their price objective on Bright Horizons Family Solutions from $138.00 to $112.00 and set a "neutral" rating for the company in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.43.

Bright Horizons Family Solutions Stock Down 0.5%

BFAM opened at $101.96 on Friday. The stock's fifty day simple moving average is $110.15 and its 200 day simple moving average is $117.02. Bright Horizons Family Solutions has a 1-year low of $95.53 and a 1-year high of $135.77. The stock has a market cap of $5.80 billion, a PE ratio of 33.43 and a beta of 1.33. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.00 by $0.07. The firm had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, research analysts expect that Bright Horizons Family Solutions will post 3.61 earnings per share for the current year.

Insider Activity at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total value of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares in the company, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total value of $108,520.00. Following the sale, the chief operating officer directly owned 26,449 shares in the company, valued at $2,870,245.48. This represents a 3.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,000 shares of company stock worth $597,810 over the last ninety days. Insiders own 1.21% of the company's stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently bought and sold shares of BFAM. Larson Financial Group LLC grew its stake in Bright Horizons Family Solutions by 62.2% during the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after buying an additional 79 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Bright Horizons Family Solutions by 4.1% during 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. GAMMA Investing LLC boosted its position in shares of Bright Horizons Family Solutions by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 562 shares of the company's stock worth $69,000 after acquiring an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Bright Horizons Family Solutions by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,500 shares of the company's stock valued at $1,174,000 after acquiring an additional 118 shares during the last quarter. Finally, Accretive Wealth Partners LLC raised its position in Bright Horizons Family Solutions by 1.4% during the second quarter. Accretive Wealth Partners LLC now owns 8,498 shares of the company's stock valued at $1,050,000 after purchasing an additional 118 shares in the last quarter.

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.

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