Bright Horizons Family Solutions (NYSE:BFAM – Free Report) had its price target increased by UBS Group from $128.00 to $145.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.
Other equities research analysts have also issued research reports about the company. Morgan Stanley upped their price target on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an underweight rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an overweight rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a buy rating in a research note on Friday, August 2nd. Robert W. Baird increased their price objective on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a neutral rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a market perform rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions has an average rating of Hold and a consensus price target of $134.63.
Check Out Our Latest Analysis on BFAM
Bright Horizons Family Solutions Stock Performance
Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $666.17 million. During the same period in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts expect that Bright Horizons Family Solutions will post 2.98 EPS for the current year.
Insider Transactions at Bright Horizons Family Solutions
In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the transaction, the director now owns 30,257 shares in the company, valued at approximately $3,961,549.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,635 shares of company stock valued at $3,220,340 over the last three months. Company insiders own 1.22% of the company’s stock.
Institutional Trading of Bright Horizons Family Solutions
Large investors have recently modified their holdings of the business. RMB Capital Management LLC boosted its position in Bright Horizons Family Solutions by 1.8% during the 4th quarter. RMB Capital Management LLC now owns 82,814 shares of the company’s stock valued at $7,804,000 after acquiring an additional 1,492 shares in the last quarter. Palisade Capital Management LP raised its holdings in Bright Horizons Family Solutions by 25.3% in the 4th quarter. Palisade Capital Management LP now owns 174,027 shares of the company’s stock worth $16,400,000 after acquiring an additional 35,111 shares during the last quarter. Integrated Advisors Network LLC purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $212,000. Vanguard Group Inc. raised its stake in Bright Horizons Family Solutions by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,326,816 shares of the company’s stock valued at $501,999,000 after buying an additional 41,506 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $192,000.
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.
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