Brokerages Set Bright Horizons Family Solutions Inc. (NYSE:BFAM) Target Price at $137.67

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $137.67.

A number of research analysts have issued reports on BFAM shares. UBS Group cut their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reduced their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 27th.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares of the company’s stock, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the sale, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Versant Capital Management Inc purchased a new stake in Bright Horizons Family Solutions in the 4th quarter worth $25,000. Atala Financial Inc acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter valued at about $32,000. Parallel Advisors LLC increased its stake in shares of Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock worth $41,000 after purchasing an additional 143 shares in the last quarter. Global Financial Private Client LLC raised its position in shares of Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in Bright Horizons Family Solutions by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock valued at $46,000 after buying an additional 181 shares in the last quarter.

Bright Horizons Family Solutions Stock Down 0.3 %

Bright Horizons Family Solutions stock opened at $116.32 on Friday. Bright Horizons Family Solutions has a 1-year low of $100.59 and a 1-year high of $141.90. The business has a fifty day moving average price of $123.85 and a 200-day moving average price of $120.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 48.47 and a beta of 1.31.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Equities research analysts forecast that Bright Horizons Family Solutions will post 3.61 EPS for the current fiscal year.

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.