Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $140.00

Bright Horizons Family Solutions (NYSE:BFAM) had its target price hoisted by Robert W. Baird from $131.00 to $140.00 in a research note released on Tuesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

BFAM has been the topic of a number of other reports. Barclays raised their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley raised their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday. UBS Group raised their price objective on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a 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’s stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $115.90 on Tuesday. The business’s 50-day moving average price is $135.84 and its two-hundred day moving average price is $122.28. Bright Horizons Family Solutions has a twelve month low of $80.29 and a twelve month high of $141.90. The stock has a market cap of $6.73 billion, a P/E ratio of 66.61 and a beta of 1.49. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the sale, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the sale, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the sale, the director now owns 30,257 shares in the company, valued at approximately $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,100 shares of company stock worth $549,397. 1.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BFAM. BNP Paribas Financial Markets grew its stake in Bright Horizons Family Solutions by 15.0% in the first quarter. BNP Paribas Financial Markets now owns 8,817 shares of the company’s stock worth $999,000 after purchasing an additional 1,147 shares during the period. Janney Montgomery Scott LLC grew its stake in Bright Horizons Family Solutions by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 52,873 shares of the company’s stock worth $5,994,000 after purchasing an additional 2,950 shares during the period. Chevy Chase Trust Holdings LLC bought a new stake in Bright Horizons Family Solutions in the first quarter worth $241,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Bright Horizons Family Solutions by 2.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock worth $1,082,000 after acquiring an additional 215 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. boosted its holdings in Bright Horizons Family Solutions by 7.5% in the first quarter. Mesirow Institutional Investment Management Inc. now owns 131,684 shares of the company’s stock worth $14,928,000 after acquiring an additional 9,148 shares in 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.