Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $118.99, but opened at $127.74. Bright Horizons Family Solutions shares last traded at $125.19, with a volume of 158,547 shares traded.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on BFAM shares. The Goldman Sachs Group dropped their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research note on Friday, December 27th. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday. UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.67.
Read Our Latest Analysis on BFAM
Bright Horizons Family Solutions Trading Up 0.0 %
The firm has a market capitalization of $7.50 billion, a P/E ratio of 64.80 and a beta of 1.45. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company's fifty day moving average is $115.50 and its 200-day moving average is $124.68.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 owns 25,257 shares of the company's stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.22% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of BFAM. T. Rowe Price Investment Management Inc. boosted its stake in Bright Horizons Family Solutions by 60.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after buying an additional 1,868,117 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $91,536,000. Raymond James Financial Inc. bought a new stake in Bright Horizons Family Solutions in the fourth quarter valued at about $79,578,000. Norges Bank acquired a new position in Bright Horizons Family Solutions in the fourth quarter worth about $71,842,000. Finally, William Blair Investment Management LLC boosted its holdings in Bright Horizons Family Solutions by 29.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after purchasing an additional 532,644 shares in the last quarter.
Bright Horizons Family Solutions Company Profile
(
Get Free Report)
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.
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