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

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) had its price target upped by analysts at Morgan Stanley from $100.00 to $106.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Morgan Stanley's price objective suggests a potential downside of 14.37% from the stock's previous close.

Several other research firms also recently weighed in on BFAM. BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Jefferies Financial Group cut their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, UBS Group cut their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.33.

Bright Horizons Family Solutions Stock Down 2.4 %

Shares of NYSE:BFAM traded down $3.04 during mid-day trading on Tuesday, hitting $123.78. 96,145 shares of the company traded hands, compared to its average volume of 440,228. Bright Horizons Family Solutions has a 12-month low of $100.59 and a 12-month high of $141.90. The stock has a 50-day moving average price of $122.73 and a two-hundred day moving average price of $119.51. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.10 billion, a P/E ratio of 51.72 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The company had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, equities research analysts forecast 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 Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $125.36, for a total transaction of $125,360.00. Following the sale, the chief operating officer now owns 31,449 shares of the company's stock, valued at approximately $3,942,446.64. This represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock worth $561,900 in the last quarter. 1.22% of the stock is owned by company insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of BFAM. Versant Capital Management Inc bought a new position in Bright Horizons Family Solutions in the fourth quarter worth $25,000. Larson Financial Group LLC grew its holdings in shares of 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 purchasing an additional 79 shares during the last quarter. Atala Financial Inc acquired a new stake in Bright Horizons Family Solutions in the fourth quarter worth $32,000. Parallel Advisors LLC raised its holdings in shares of Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares during the last quarter. Finally, Global Financial Private Client LLC increased its holdings in shares of Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock worth $42,000 after acquiring an additional 232 shares during 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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