Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $148.00

Bright Horizons Family Solutions (NYSE:BFAM - Free Report) had its price target upped by UBS Group from $145.00 to $148.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

BFAM has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a "hold" rating in a research note on Friday, August 2nd. Barclays boosted their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a "market perform" rating in a research note on Friday, August 2nd. Finally, Robert W. Baird upped their target price on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $141.13.

Bright Horizons Family Solutions Price Performance

NYSE BFAM traded down $16.93 on Tuesday, hitting $115.90. 1,289,323 shares of the company were exchanged, compared to its average volume of 359,289. Bright Horizons Family Solutions has a 1-year low of $80.29 and a 1-year high of $141.90. The firm has a 50 day moving average of $136.30 and a two-hundred day moving average of $122.20. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The company has a market cap of $6.73 billion, a P/E ratio of 67.49 and a beta of 1.49.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the sale, the director now directly owns 30,257 shares in the company, valued at $3,961,549.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 800 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the transaction, the chief operating officer now directly owns 31,825 shares of the company's stock, valued at $4,476,186.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,100 shares of company stock valued at $549,397. 1.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions in the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after purchasing an additional 306 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after buying an additional 165 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after buying an additional 177 shares during 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.