Bright Horizons Family Solutions (NYSE:BFAM) Stock Price Target Cut by UBS Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price target decreased by UBS Group from $78.00 to $75.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s price objective indicates a potential upside of 36.34% from the company’s previous close.

Several other equities analysts also recently weighed in on BFAM. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday. The Goldman Sachs Group lowered their price objective on Bright Horizons Family Solutions from $93.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird downgraded Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $98.00 to $65.00 in a research note on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a report on Tuesday, October 27th. Finally, Morgan Stanley decreased their target price on shares of Bright Horizons Family Solutions from $64.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average price target of $81.38.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $55.01 on Friday. Bright Horizons Family Solutions has a 12-month low of $52.10 and a 12-month high of $109.86. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -18.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The company has a current ratio of 0.45, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68. The firm has a 50 day moving average of $68.36 and a 200 day moving average of $74.27.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.04. The business had revenue of $841.47 million for the quarter, compared to analysts’ expectations of $842.69 million. Bright Horizons Family Solutions had a negative net margin of 4.38% and a positive return on equity of 23.72%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 EPS. On average, research analysts anticipate that Bright Horizons Family Solutions will post 4.70 earnings per share for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Tocio sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total value of $435,900.00. Following the completion of the transaction, the director directly owned 14,329 shares in the company, valued at $1,041,001.85. This represents a 29.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Burke sold 1,200 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $75.00, for a total transaction of $90,000.00. Following the sale, the chief operating officer directly owned 30,945 shares of the company’s stock, valued at approximately $2,320,875. This trade represents a 3.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of BFAM. Signaturefd LLC increased its holdings in Bright Horizons Family Solutions by 77.4% in the 3rd quarter. Signaturefd LLC now owns 392 shares of the company’s stock valued at $25,000 after acquiring an additional 171 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at about $29,000. Versant Capital Management Inc grew its position in shares of Bright Horizons Family Solutions by 3,055.6% during the third quarter. Versant Capital Management Inc now owns 852 shares of the company’s stock valued at $54,000 after purchasing an additional 825 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Bright Horizons Family Solutions during the first quarter valued at about $60,000.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workplace support services. The company operates early education and preschool centers that serve infants, toddlers, preschoolers and school-age children, with programs designed to support children’s development and learning.

Its services also include back-up care for children and other dependents, typically provided through a network of child care centers, in-home caregivers and other providers. Through its Bright Horizons EdAssist Solutions business, the company offers education advising, tuition assistance administration, student loan support and related workforce education services for employers and their employees.

Founded in 1986, Bright Horizons serves families and corporate clients primarily in the United States and also has operations in the United Kingdom and other international markets.