Bright Horizons Family Solutions (NYSE:BFAM) Given New $75.00 Price Target at UBS Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective decreased by UBS Group from $78.00 to $75.00 in a report published on Friday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group decreased their price objective on Bright Horizons Family Solutions from $93.00 to $80.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research report on Tuesday, October 27th. Robert W. Baird lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $98.00 to $65.00 in a research report on Friday. Morgan Stanley reduced their target price on shares of Bright Horizons Family Solutions from $64.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $75.00 price target on shares of Bright Horizons Family Solutions in a research report on Friday. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Hold” and a consensus target price of $81.38.

Bright Horizons Family Solutions Trading Up 0.1%

Shares of Bright Horizons Family Solutions stock opened at $55.01 on Friday. The company has a market capitalization of $2.68 billion, a P/E ratio of -18.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The stock has a fifty day simple moving average of $68.36 and a 200 day simple moving average of $74.27. Bright Horizons Family Solutions has a 12-month low of $52.10 and a 12-month high of $109.86. The company has a current ratio of 0.45, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.76 by $0.04. The firm had revenue of $841.47 million during the quarter, compared to analyst estimates of $842.69 million. Bright Horizons Family Solutions had a negative net margin of 4.38% and a positive return on equity of 23.72%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. On average, sell-side analysts anticipate that Bright Horizons Family Solutions will post 4.70 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Mary Burke sold 1,200 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $75.00, for a total value of $90,000.00. Following the sale, the chief operating officer owned 30,945 shares in the company, valued at approximately $2,320,875. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Tocio sold 6,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total value of $435,900.00. Following the completion of the transaction, the director owned 14,329 shares in the company, valued at $1,041,001.85. This represents a 29.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in Bright Horizons Family Solutions during the 2nd quarter valued at $3,187,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bright Horizons Family Solutions in the second quarter worth about $11,779,000. Aurora Investment Counsel acquired a new position in shares of Bright Horizons Family Solutions in the 2nd quarter valued at $1,964,000. Bank of America Corp DE acquired a new position in Bright Horizons Family Solutions in the 2nd quarter worth approximately $16,893,000. Finally, Giverny Capital Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 45.6% in the 2nd quarter. Giverny Capital Inc. now owns 1,080,793 shares of the company’s stock valued at $76,607,000 after buying an additional 338,464 shares during the period.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workplace support services. The company operates early education and preschool centers that serve infants, toddlers, preschoolers and school-age children, with programs designed to support children’s development and learning.

Its services also include back-up care for children and other dependents, typically provided through a network of child care centers, in-home caregivers and other providers. Through its Bright Horizons EdAssist Solutions business, the company offers education advising, tuition assistance administration, student loan support and related workforce education services for employers and their employees.

Founded in 1986, Bright Horizons serves families and corporate clients primarily in the United States and also has operations in the United Kingdom and other international markets.