UBS Group Has Lowered Expectations for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective cut by equities researchers at UBS Group from $148.00 to $130.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 11.98% from the stock’s previous close.

BFAM has been the topic of a number of other research reports. The Goldman Sachs Group decreased their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, December 27th. Morgan Stanley decreased their target price on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, December 12th. StockNews.com lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.00.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock traded down $1.72 on Friday, hitting $116.09. 29,426 shares of the company traded hands, compared to its average volume of 333,766. The firm’s 50-day simple moving average is $112.44 and its 200 day simple moving average is $124.06. 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 company has a market cap of $6.75 billion, a P/E ratio of 58.46 and a beta of 1.44. Bright Horizons Family Solutions has a 12-month low of $94.83 and a 12-month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. Analysts expect that Bright Horizons Family Solutions will post 3.01 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after acquiring an additional 423,456 shares during the period. State Street Corp raised its holdings in Bright Horizons Family Solutions by 0.4% in the third quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after buying an additional 3,970 shares during the last quarter. Geode Capital Management LLC raised its holdings in Bright Horizons Family Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after buying an additional 7,597 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in Bright Horizons Family Solutions by 3.2% in the third quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company’s stock worth $99,126,000 after buying an additional 21,935 shares during the last quarter. Finally, Geneva Capital Management LLC raised its holdings in Bright Horizons Family Solutions by 0.5% in the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after buying an additional 2,649 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.