Morgan Stanley Lowers Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $96.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target cut by analysts at Morgan Stanley from $104.00 to $96.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 4.95% from the company’s current price.

Several other equities analysts also recently commented on the company. UBS Group decreased their target price on Bright Horizons Family Solutions from $138.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $131.43.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $101.00 on Friday. Bright Horizons Family Solutions has a 12 month low of $95.53 and a 12 month high of $135.77. The stock’s 50 day moving average is $109.74 and its 200-day moving average is $117.01. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 33.11 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The company had revenue of $731.57 million for the quarter, compared to the consensus estimate of $724.32 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Equities research analysts expect that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total value of $108,520.00. Following the sale, the chief operating officer owned 26,449 shares of the company’s stock, valued at approximately $2,870,245.48. This trade represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total value of $360,300.00. Following the completion of the sale, the director directly owned 18,233 shares in the company, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,000 shares of company stock worth $597,810. Company insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently modified their holdings of BFAM. JPMorgan Chase & Co. boosted its holdings in shares of Bright Horizons Family Solutions by 23.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company’s stock valued at $557,959,000 after acquiring an additional 845,391 shares in the last quarter. Norges Bank acquired a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter valued at $87,648,000. Conestoga Capital Advisors LLC boosted its holdings in shares of Bright Horizons Family Solutions by 171.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 858,010 shares of the company’s stock valued at $106,041,000 after acquiring an additional 541,440 shares in the last quarter. M&G PLC boosted its holdings in shares of Bright Horizons Family Solutions by 246.4% during the 2nd quarter. M&G PLC now owns 690,022 shares of the company’s stock valued at $85,563,000 after acquiring an additional 490,814 shares in the last quarter. Finally, Premier Fund Managers Ltd acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at $50,653,000.

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.