Morgan Stanley Cuts Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $100.00

Bright Horizons Family Solutions (NYSE:BFAM - Free Report) had its price objective reduced by Morgan Stanley from $102.00 to $100.00 in a research note released on Tuesday,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

A number of other equities analysts have also recently issued reports on BFAM. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Baird R W raised Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. UBS Group reduced their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions has a consensus rating of "Moderate Buy" and an average price target of $135.33.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded up $9.66 during mid-day trading on Tuesday, reaching $128.65. 714,401 shares of the company's stock were exchanged, compared to its average volume of 415,726. The business's fifty day simple moving average is $114.93 and its 200 day simple moving average is $124.55. Bright Horizons Family Solutions has a one year low of $100.59 and a one year high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $7.49 billion, a PE ratio of 64.56 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. On average, sell-side analysts expect that Bright Horizons Family Solutions will post 3 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the transaction, the director now directly owns 25,257 shares of the company's stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Cerity Partners LLC increased its position in shares of Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock valued at $4,075,000 after acquiring an additional 11,236 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Bright Horizons Family Solutions by 560.0% during the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company's stock valued at $1,286,000 after acquiring an additional 7,789 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $13,639,000. Massachusetts Financial Services Co. MA increased its position in shares of Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock valued at $445,761,000 after acquiring an additional 423,456 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Bright Horizons Family Solutions by 19.7% during the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company's stock valued at $30,669,000 after acquiring an additional 35,971 shares in the last quarter.

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.