Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $142.00 at The Goldman Sachs Group

Bright Horizons Family Solutions (NYSE:BFAM) had its target price hoisted by The Goldman Sachs Group from $125.00 to $142.00 in a research note released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

BFAM has been the topic of several other reports. Robert W. Baird increased their target price on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. BMO Capital Markets raised their target price on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a market perform rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an overweight rating in a research report on Friday, May 3rd. Finally, StockNews.com raised Bright Horizons Family Solutions from a sell rating to a hold rating in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $128.43.

Bright Horizons Family Solutions Stock Down 4.7 %

NYSE BFAM opened at $128.80 on Friday. The stock has a market cap of $7.47 billion, a PE ratio of 90.70, a P/E/G ratio of 4.44 and a beta of 1.45. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $136.22. The business has a 50 day moving average price of $110.98 and a two-hundred day moving average price of $109.39. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 13.08% and a net margin of 3.98%. The company had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. During the same period in the prior year, the company posted $0.54 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Bright Horizons Family Solutions will post 2.76 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other news, CEO Stephen Howard Kramer sold 11,250 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the completion of the sale, the chief executive officer now directly owns 122,573 shares of the company’s stock, valued at approximately $13,967,193.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Stephen Howard Kramer sold 11,250 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the transaction, the chief executive officer now owns 122,573 shares of the company’s stock, valued at approximately $13,967,193.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jason Janoff sold 6,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total value of $682,740.00. Following the transaction, the chief accounting officer now directly owns 8,955 shares in the company, valued at approximately $1,018,989.45. The disclosure for this sale can be found here. Insiders sold 28,447 shares of company stock valued at $3,186,710 in the last three months. Corporate insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. MJP Associates Inc. ADV increased its holdings in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after acquiring an additional 157 shares during the last quarter. SYSTM Wealth Solutions LLC grew its holdings in Bright Horizons Family Solutions by 7.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock valued at $262,000 after buying an additional 164 shares during the last quarter. Everpar Advisors LLC grew its holdings in Bright Horizons Family Solutions by 6.7% in the 2nd quarter. Everpar Advisors LLC now owns 2,979 shares of the company’s stock valued at $328,000 after buying an additional 186 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Bright Horizons Family Solutions by 2.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock valued at $1,082,000 after buying an additional 215 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in Bright Horizons Family Solutions in the 1st quarter valued at approximately $25,000.

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.