Morgan Stanley Cuts Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $102.00

Bright Horizons Family Solutions (NYSE:BFAM) had its target price cut by Morgan Stanley from $108.00 to $102.00 in a report issued on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group raised their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Barclays boosted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. UBS Group upped their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.75.

Bright Horizons Family Solutions Stock Down 1.7 %

BFAM opened at $110.21 on Thursday. Bright Horizons Family Solutions has a one year low of $87.82 and a one year high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $6.41 billion, a P/E ratio of 55.38 and a beta of 1.43. The business’s 50-day simple moving average is $121.82 and its 200-day simple moving average is $122.77.

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

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after purchasing an additional 423,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 1.5% during the 2nd 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 last quarter. State Street Corp lifted its stake in Bright Horizons Family Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 999,263 shares of the company’s stock valued at $140,027,000 after buying an additional 3,970 shares in the last quarter. Geode Capital Management LLC grew its holdings in Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock valued at $129,633,000 after buying an additional 7,597 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after buying an additional 51,024 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

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.