UBS Group Cuts Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $130.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective cut by UBS Group from $148.00 to $130.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

BFAM has been the subject of several other research reports. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Friday, November 22nd. The Goldman Sachs Group decreased their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, December 27th. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 22nd. Finally, BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $137.00 to $125.00 in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.00.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock opened at $115.18 on Friday. The stock has a 50 day moving average price of $112.88 and a 200 day moving average price of $124.27. The firm has a market capitalization of $6.70 billion, a P/E ratio of 57.88 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions has a 52-week low of $94.83 and a 52-week high of $141.90.

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

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.22% of the stock is owned by insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors have recently bought and sold shares of BFAM. Massachusetts Financial Services Co. MA raised 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 worth $445,761,000 after buying an additional 423,456 shares during the last quarter. Millennium Management LLC purchased a new position in Bright Horizons Family Solutions in the 2nd quarter worth $28,995,000. Allspring Global Investments Holdings LLC lifted its position in Bright Horizons Family Solutions by 174.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after acquiring an additional 218,707 shares during the period. TimesSquare Capital Management LLC purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at about $13,639,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at about $11,780,000.

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.