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

Bright Horizons Family Solutions (NYSE:BFAM) had its price target dropped by equities research analysts at The Goldman Sachs Group from $162.00 to $142.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 28.12% from the company’s previous close.

Several other brokerages have also recently commented on BFAM. Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, December 12th. UBS Group lifted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Friday, November 22nd. StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.25.

Bright Horizons Family Solutions Stock Up 1.0 %

BFAM stock opened at $110.83 on Friday. Bright Horizons Family Solutions has a 12 month low of $91.61 and a 12 month high of $141.90. 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 stock has a market capitalization of $6.45 billion, a P/E ratio of 55.69 and a beta of 1.43. The firm has a 50-day moving average price of $117.10 and a 200-day moving average price of $122.95.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. As a group, equities research analysts anticipate that Bright Horizons Family Solutions will post 3.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This represents a 16.53 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by company insiders.

Institutional Trading of Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted 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 buying an additional 423,456 shares during the last quarter. Millennium Management LLC purchased a new position in Bright Horizons Family Solutions during the 2nd quarter worth $28,995,000. Point72 Asset Management L.P. boosted its holdings in Bright Horizons Family Solutions by 64.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after acquiring an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Bright Horizons Family Solutions by 174.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after acquiring an additional 218,707 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at about $13,639,000.

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.