Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $140.00 at Robert W. Baird

Bright Horizons Family Solutions (NYSE:BFAM) had its price target lifted by Robert W. Baird from $131.00 to $140.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

BFAM has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upped 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. Morgan Stanley upped their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a report on Tuesday. UBS Group upped their price target on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. The Goldman Sachs Group upped their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets upped their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus price target of $141.13.

Bright Horizons Family Solutions Trading Down 12.7 %

Shares of Bright Horizons Family Solutions stock opened at $115.90 on Tuesday. The stock has a fifty day simple moving average of $135.84 and a 200 day simple moving average of $122.28. Bright Horizons Family Solutions has a 12-month low of $80.29 and a 12-month high of $141.90. The company has a market capitalization of $6.73 billion, a P/E ratio of 66.61 and a beta of 1.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the transaction, the director now owns 30,257 shares of the company’s stock, valued at $3,961,549.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,100 shares of company stock worth $549,397 in the last quarter. 1.22% of the stock is currently owned by company insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. Geneva Capital Management LLC lifted its holdings in Bright Horizons Family Solutions by 0.5% during the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock worth $80,631,000 after purchasing an additional 2,649 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $418,000. Entropy Technologies LP purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $604,000. Venturi Wealth Management LLC lifted its holdings in Bright Horizons Family Solutions by 61.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,250 shares of the company’s stock worth $315,000 after purchasing an additional 858 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $13,639,000.

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.