Bright Horizons Family Solutions (NYSE:BFAM) Given New $148.00 Price Target at UBS Group

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

BFAM has been the topic of a number of other research reports. BMO Capital Markets upped their target price on 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. Morgan Stanley upped their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday. The Goldman Sachs Group lifted their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report 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 stock an “overweight” rating in a report on Tuesday. Finally, Barclays lifted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.13.

Bright Horizons Family Solutions Stock Down 0.4 %

NYSE BFAM opened at $116.04 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions has a 52 week low of $80.29 and a 52 week high of $141.90. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 58.31 and a beta of 1.49. The company has a fifty day moving average of $134.48 and a two-hundred day moving average of $122.27.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly 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 firm had revenue of $719.00 million during 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 13.65%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. On average, analysts predict that Bright Horizons Family Solutions will post 2.98 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 800 shares of the 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 transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at approximately $4,248,563.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of hedge funds have recently made changes to their positions in the stock. Raleigh Capital Management Inc. purchased a new stake in Bright Horizons Family Solutions during the third quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions in the third quarter worth $35,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 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.