UBS Group Issues Positive Forecast for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM) had its price target boosted by investment analysts at UBS Group from $145.00 to $148.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 26.02% from the company’s current price.

BFAM has been the topic of several other reports. Robert W. Baird increased their target price on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Barclays raised their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. BMO Capital Markets raised their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley raised their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.13.

Bright Horizons Family Solutions Stock Down 11.6 %

Bright Horizons Family Solutions stock traded down $15.39 during mid-day trading on Tuesday, hitting $117.44. 579,522 shares of the company’s stock were exchanged, compared to its average volume of 355,972. 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 stock has a market cap of $6.82 billion, a P/E ratio of 67.49 and a beta of 1.49. Bright Horizons Family Solutions has a 1-year low of $80.29 and a 1-year high of $141.90. The stock has a 50 day moving average of $136.30 and a two-hundred day moving average of $122.20.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the sale, the director now directly owns 30,257 shares of the company’s stock, valued at $3,961,549.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,100 shares of company stock valued at $549,397 over the last three months. 1.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFAM. BNP Paribas Financial Markets lifted its stake in Bright Horizons Family Solutions by 15.0% during the first quarter. BNP Paribas Financial Markets now owns 8,817 shares of the company’s stock worth $999,000 after purchasing an additional 1,147 shares during the period. Janney Montgomery Scott LLC lifted its stake in Bright Horizons Family Solutions by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 52,873 shares of the company’s stock worth $5,994,000 after purchasing an additional 2,950 shares during the period. Chevy Chase Trust Holdings LLC bought a new position in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $241,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Bright Horizons Family Solutions by 2.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock valued at $1,082,000 after acquiring an additional 215 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 7.5% in the first quarter. Mesirow Institutional Investment Management Inc. now owns 131,684 shares of the company’s stock valued at $14,928,000 after acquiring an additional 9,148 shares during the last quarter.

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.