Robert W. Baird Raises Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $115.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target increased by Robert W. Baird from $105.00 to $115.00 in a research report released on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also issued reports on BFAM. UBS Group dropped their price objective on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $93.00 to $107.00 and gave the company an overweight rating in a report on Wednesday, February 14th. BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the stock a market perform rating in a research note on Thursday, February 15th. Barclays upgraded Bright Horizons Family Solutions from an equal weight rating to an overweight rating and increased their target price for the company from $100.00 to $125.00 in a research note on Wednesday, February 28th. Finally, The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $106.63.

Bright Horizons Family Solutions Trading Up 6.7 %

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

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

Insiders Place Their Bets

In other news, CFO Elizabeth J. Boland sold 15,640 shares of the 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 directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the sale, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at $3,911,565. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently made changes to their positions in BFAM. Westfield Capital Management Co. LP increased its stake in Bright Horizons Family Solutions by 17.8% during the third quarter. Westfield Capital Management Co. LP now owns 646,208 shares of the company’s stock valued at $52,640,000 after purchasing an additional 97,548 shares during the last quarter. Comerica Bank acquired a new stake in Bright Horizons Family Solutions during the third quarter worth about $10,590,000. Mission Wealth Management LP raised its stake in Bright Horizons Family Solutions by 4.1% during the fourth quarter. Mission Wealth Management LP now owns 10,588 shares of the company’s stock worth $998,000 after acquiring an additional 415 shares during the period. International Assets Investment Management LLC bought a new position in Bright Horizons Family Solutions in the fourth quarter worth about $54,890,000. Finally, Nordea Investment Management AB boosted its stake in Bright Horizons Family Solutions by 12.5% in the third quarter. Nordea Investment Management AB now owns 154,138 shares of the company’s stock valued at $12,598,000 after acquiring an additional 17,082 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.