Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $108.00 at Morgan Stanley

Bright Horizons Family Solutions (NYSE:BFAM) had its price target increased by Morgan Stanley from $100.00 to $108.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an underweight rating on the stock.

BFAM has been the subject of several other reports. BMO Capital Markets raised their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. UBS Group raised their price objective on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Barclays lifted their price target 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. The Goldman Sachs Group lifted their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their price target 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $115.90 on Tuesday. The stock has a 50 day moving average of $135.84 and a 200 day moving average of $122.28. Bright Horizons Family Solutions has a 12 month low of $80.29 and a 12 month high of $141.90. The firm has a market cap of $6.73 billion, a PE ratio of 66.61 and a beta of 1.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the company’s 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 transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now directly owns 30,257 shares in the company, valued at $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 31,825 shares in the company, valued at $4,476,186.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,100 shares of company stock worth $549,397. Insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several large investors have recently bought and sold shares of the business. Geneva Capital Management LLC increased its holdings in Bright Horizons Family Solutions by 0.5% in the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock valued at $80,631,000 after buying an additional 2,649 shares during the last quarter. Aigen Investment Management LP purchased a new position in Bright Horizons Family Solutions in the third quarter valued at $418,000. Entropy Technologies LP purchased a new position in Bright Horizons Family Solutions in the third quarter valued at $604,000. Venturi Wealth Management LLC increased its holdings in Bright Horizons Family Solutions by 61.6% in the third quarter. Venturi Wealth Management LLC now owns 2,250 shares of the company’s stock valued at $315,000 after buying an additional 858 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in Bright Horizons Family Solutions in the third quarter valued at $13,639,000.

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.