Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $148.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective lifted by UBS Group from $145.00 to $148.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently commented on BFAM. Robert W. Baird upped their price target on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Barclays upped their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $141.13.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $116.52 on Tuesday. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 58.55 and a beta of 1.49. Bright Horizons Family Solutions has a 1-year low of $80.29 and a 1-year high of $141.90. The company’s fifty day simple moving average is $134.97 and its 200 day simple moving average is $122.20. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.65%. The firm had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, research analysts forecast that Bright Horizons Family Solutions will post 2.98 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after buying an additional 29,942 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Bright Horizons Family Solutions by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock worth $337,832,000 after purchasing an additional 44,893 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Bright Horizons Family Solutions by 3.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after acquiring an additional 87,256 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after acquiring an additional 51,024 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 0.5% during the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock valued at $80,631,000 after purchasing an additional 2,649 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.