Bright Horizons Family Solutions (NYSE:BFAM) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a neutral rating to an outperform rating in a research note issued to investors on Friday, Marketbeat reports. The brokerage currently has $140.00 price target on the stock.

Several other analysts have also issued reports on BFAM. Morgan Stanley upped their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays lifted their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $137.00 to $125.00 in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and an average price target of $141.50.

Bright Horizons Family Solutions Trading Up 1.8 %

BFAM opened at $113.08 on Friday. Bright Horizons Family Solutions has a fifty-two week low of $86.79 and a fifty-two week high of $141.90. The firm has a market capitalization of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company’s 50-day moving average is $128.51 and its 200 day moving average is $122.57.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, research analysts predict that Bright Horizons Family Solutions will post 3 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the business’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 completion of the sale, the chief operating officer now owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after buying an additional 29,942 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Bright Horizons Family Solutions by 15.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after acquiring an additional 423,456 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock valued at $337,832,000 after acquiring an additional 44,893 shares during the period. State Street Corp raised its stake in shares of Bright Horizons Family Solutions by 0.4% during the third quarter. State Street Corp now owns 999,263 shares of the company’s stock valued at $140,027,000 after acquiring an additional 3,970 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after purchasing an additional 7,597 shares during the period.

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.