Bright Horizons Family Solutions (NYSE:BFAM) PT Raised to $104.00 at BMO Capital Markets

Bright Horizons Family Solutions (NYSE:BFAM) had its price target raised by BMO Capital Markets from $102.00 to $104.00 in a research note released on Friday, Benzinga reports. They currently have a market perform rating on the stock.

A number of other research firms also recently issued reports on BFAM. Barclays raised shares of Bright Horizons Family Solutions from an equal weight rating to an overweight rating and increased their price target for the stock from $100.00 to $125.00 in a research note on Wednesday, February 28th. StockNews.com cut Bright Horizons Family Solutions from a hold rating to a sell rating in a research note on Wednesday, February 21st. UBS Group reduced their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating on the stock in a research note on Wednesday, February 14th. Robert W. Baird raised their price objective on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a neutral rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $93.00 to $107.00 and gave the company an overweight rating in a report on Wednesday, February 14th. One investment 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 MarketBeat, Bright Horizons Family Solutions has an average rating of Hold and a consensus target price of $106.63.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock opened at $111.23 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $119.21. The firm has a market cap of $6.45 billion, a P/E ratio of 78.33, a P/E/G ratio of 4.28 and a beta of 1.38. The business’s 50 day moving average price is $111.11 and its 200-day moving average price is $98.95.

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

Insider Transactions at Bright Horizons Family Solutions

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

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently modified their holdings of BFAM. Norges Bank purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at $57,363,000. Public Employees Retirement Association of Colorado lifted its stake in Bright Horizons Family Solutions by 4,227.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock valued at $27,709,000 after acquiring an additional 287,229 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 11.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company’s stock valued at $155,849,000 after acquiring an additional 191,545 shares during the last quarter. Comerica Bank bought a new stake in shares of Bright Horizons Family Solutions in the third quarter worth approximately $10,590,000. Finally, Capital World Investors grew its stake in shares of Bright Horizons Family Solutions by 10.5% in the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after acquiring an additional 128,632 shares during the period.

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.