Bright Horizons Family Solutions (NYSE:BFAM) Given New $108.00 Price Target at Morgan Stanley

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective increased by Morgan Stanley from $100.00 to $108.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an underweight rating on the stock.

BFAM has been the subject of a number of other reports. Robert W. Baird lifted their price target on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Barclays raised their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, UBS Group raised their price objective on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.13.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $115.90 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. The company has a market cap of $6.73 billion, a P/E ratio of 66.61 and a beta of 1.49. Bright Horizons Family Solutions has a 52 week low of $80.29 and a 52 week high of $141.90. The company has a 50-day moving average price of $135.84 and a 200 day moving average price of $122.28.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on 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 sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the completion of the transaction, the director now owns 30,257 shares in the company, valued at $3,961,549.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,100 shares of company stock valued at $549,397. Company insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after acquiring an additional 29,942 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Bright Horizons Family Solutions by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock valued at $337,832,000 after buying an additional 44,893 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Bright Horizons Family Solutions by 3.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock valued at $303,556,000 after buying an additional 87,256 shares during the period. Dimensional Fund Advisors LP increased its stake in Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after buying an additional 51,024 shares during the period. Finally, Geneva Capital Management LLC increased its stake 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 valued at $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.