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

Bright Horizons Family Solutions (NYSE:BFAM - Free Report) had its price objective raised by Morgan Stanley from $100.00 to $106.00 in a research report sent to investors on Tuesday morning, Marketbeat reports. Morgan Stanley currently has an underweight rating on the stock.

A number of other analysts have also issued reports on BFAM. UBS Group dropped 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 research note on Friday, January 24th. Jefferies Financial Group reduced their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, BMO Capital Markets increased their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $138.33.

Bright Horizons Family Solutions Stock Down 0.0 %

Shares of BFAM traded down $0.02 during mid-day trading on Tuesday, reaching $121.97. 536,320 shares of the stock traded hands, compared to its average volume of 443,147. The stock has a fifty day simple moving average of $122.23 and a 200 day simple moving average of $119.27. Bright Horizons Family Solutions has a 12-month low of $100.59 and a 12-month high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 50.82 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The firm had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Bright Horizons Family Solutions will post 3.61 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $311,850.00. Following the sale, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $125.36, for a total transaction of $125,360.00. Following the completion of the sale, the chief operating officer now owns 31,449 shares in the company, valued at $3,942,446.64. The trade was a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,500 shares of company stock valued at $561,900 over the last three months. Company insiders own 1.22% of the company's stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of BFAM. Larson Financial Group LLC boosted its holdings in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock valued at $26,000 after acquiring an additional 79 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in 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 valued at $267,000 after purchasing an additional 82 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of 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 purchasing an additional 96 shares during the period. Bank of Montreal Can raised its stake in shares of Bright Horizons Family Solutions by 3.6% in the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock worth $323,000 after buying an additional 101 shares in the last quarter. Finally, Accretive Wealth Partners LLC boosted its stake in Bright Horizons Family Solutions by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock valued at $833,000 after buying an additional 111 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.