Bright Horizons Family Solutions (NYSE:BFAM) Price Target Lowered to $102.00 at Morgan Stanley

Bright Horizons Family Solutions (NYSE:BFAM) had its target price decreased by Morgan Stanley from $108.00 to $102.00 in a report released on Thursday,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

BFAM has been the topic of several other research reports. The Goldman Sachs Group upped their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Friday, November 22nd. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $140.75.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $109.72 on Thursday. Bright Horizons Family Solutions has a 52 week low of $88.58 and a 52 week high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.38 billion, a P/E ratio of 55.14 and a beta of 1.43. The stock has a 50 day moving average of $121.29 and a 200-day moving average of $122.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. On average, analysts expect that Bright Horizons Family Solutions will post 3.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction that occurred on 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 owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is owned by insiders.

Institutional Trading of Bright Horizons Family Solutions

Several institutional investors have recently modified their holdings of BFAM. Cerity Partners LLC boosted its stake in shares of Bright Horizons Family Solutions by 63.0% during the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock worth $4,075,000 after acquiring an additional 11,236 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in Bright Horizons Family Solutions in the third quarter valued at about $13,639,000. Massachusetts Financial Services Co. MA grew its stake in shares of Bright Horizons Family Solutions by 15.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Bright Horizons Family Solutions by 19.7% in the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock worth $30,669,000 after acquiring an additional 35,971 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Bright Horizons Family Solutions by 560.0% during the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock worth $1,286,000 after buying an additional 7,789 shares during the last quarter.

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.