UBS Group Has Lowered Expectations for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective dropped by stock analysts at UBS Group from $148.00 to $130.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 11.98% from the company’s current price.

BFAM has been the subject of several other reports. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their target price 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. StockNews.com cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $136.00.

Bright Horizons Family Solutions Stock Down 1.5 %

Shares of Bright Horizons Family Solutions stock traded down $1.72 during trading hours on Friday, reaching $116.09. 29,426 shares of the company’s stock were exchanged, compared to its average volume of 333,766. The company has a 50 day moving average of $112.44 and a two-hundred day moving average of $124.06. Bright Horizons Family Solutions has a fifty-two week low of $94.83 and a fifty-two week 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 cap of $6.75 billion, a P/E ratio of 58.46 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same period in the prior year, the business posted $0.78 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts forecast that Bright Horizons Family Solutions will post 3.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its position in shares of Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after acquiring an additional 423,456 shares during the period. State Street Corp grew its position in shares of Bright Horizons Family Solutions by 0.4% during the 3rd 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 period. Geode Capital Management LLC grew its position in shares of Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock valued at $129,633,000 after acquiring an additional 7,597 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Bright Horizons Family Solutions by 3.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company’s stock worth $99,126,000 after buying an additional 21,935 shares during the period. Finally, Geneva Capital Management LLC boosted its holdings in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after buying an additional 2,649 shares during the period.

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.