Bright Horizons Family Solutions (NYSE:BFAM) Given New $104.00 Price Target at BMO Capital Markets

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective hoisted by BMO Capital Markets from $102.00 to $104.00 in a research note published on Friday, Benzinga reports. The firm currently has a market perform rating on the stock.

Several other equities analysts have also issued reports on BFAM. Barclays raised shares of Bright Horizons Family Solutions from an equal weight rating to an overweight rating and boosted their price target for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a neutral rating in a report on Friday. StockNews.com lowered Bright Horizons Family Solutions from a hold rating to a sell rating in a research report on Wednesday, February 21st. The Goldman Sachs Group boosted their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a buy rating in a research report on Wednesday, April 10th. Finally, UBS Group dropped their target price on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating on the stock in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $106.63.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $114.52 on Friday. The stock has a market cap of $6.64 billion, a P/E ratio of 80.65, a price-to-earnings-growth ratio of 4.28 and a beta of 1.38. Bright Horizons Family Solutions has a 1 year low of $71.65 and a 1 year high of $119.21. The stock’s 50-day moving average price is $111.25 and its two-hundred day moving average price is $99.20. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. The business had revenue of $615.65 million for the quarter, compared to analyst estimates of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. On average, equities analysts predict that Bright Horizons Family Solutions will post 2.69 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, CFO Elizabeth J. Boland sold 15,640 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the transaction, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the transaction, the chief operating officer now owns 37,253 shares of the company’s stock, valued at $3,911,565. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in BFAM. Westfield Capital Management Co. LP grew its stake in shares of Bright Horizons Family Solutions by 17.8% in the third quarter. Westfield Capital Management Co. LP now owns 646,208 shares of the company’s stock valued at $52,640,000 after buying an additional 97,548 shares in the last quarter. Comerica Bank bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $10,590,000. Mission Wealth Management LP grew its position in shares of Bright Horizons Family Solutions by 4.1% in the 4th quarter. Mission Wealth Management LP now owns 10,588 shares of the company’s stock valued at $998,000 after acquiring an additional 415 shares during the period. Raymond James & Associates increased its stake in shares of Bright Horizons Family Solutions by 8.8% during the 1st quarter. Raymond James & Associates now owns 508,792 shares of the company’s stock worth $57,677,000 after purchasing an additional 41,167 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $54,890,000.

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.