Bright Horizons Family Solutions (NYSE:BFAM) Stock Gets Price Target Trim from UBS Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective trimmed by UBS Group from $78.00 to $75.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

BFAM has been the topic of several other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research report on Tuesday, October 27th. Morgan Stanley lowered their target price on shares of Bright Horizons Family Solutions from $64.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday. Robert W. Baird lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $98.00 to $65.00 in a research report on Friday. BMO Capital Markets restated an “outperform” rating and set a $75.00 price target on shares of Bright Horizons Family Solutions in a research note on Friday. Finally, The Goldman Sachs Group decreased their price objective on Bright Horizons Family Solutions from $93.00 to $80.00 and set a “buy” rating on the stock in a report on Friday. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Hold” and an average target price of $81.38.

Bright Horizons Family Solutions Stock Up 0.1%

Shares of BFAM stock opened at $55.01 on Friday. Bright Horizons Family Solutions has a one year low of $52.10 and a one year high of $109.86. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.45 and a quick ratio of 0.48. The stock has a fifty day moving average price of $68.36 and a 200 day moving average price of $74.27. The stock has a market cap 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.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.04. The firm had revenue of $841.47 million for 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 business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. Analysts predict that Bright Horizons Family Solutions will post 4.70 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Mary Burke sold 1,200 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were 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 of the company’s stock, valued at approximately $2,320,875. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Tocio sold 6,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total transaction of $435,900.00. Following the sale, the director owned 14,329 shares of the company’s stock, valued at $1,041,001.85. This trade represents a 29.51% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in Bright Horizons Family Solutions by 77.4% during the third quarter. Signaturefd LLC now owns 392 shares of the company’s stock worth $25,000 after buying an additional 171 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Bright Horizons Family Solutions in the second quarter valued at approximately $29,000. Root Financial Partners LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $28,000. State of Wyoming bought a new position in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $60,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Bright Horizons Family Solutions by 3,055.6% in the 3rd quarter. Versant Capital Management Inc now owns 852 shares of the company’s stock worth $54,000 after acquiring an additional 825 shares in the last quarter.

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.