Bright Horizons Family Solutions (NYSE:BFAM) had its price target increased by BMO Capital Markets to $152.00 in a report released on Wednesday, The Fly reports. They currently have a market perform rating on the stock.
BFAM has been the subject of a number of other reports. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Goldman Sachs Group set a €6.20 ($7.21) target price on Kloeckner & Co SE and gave the company a buy rating in a research report on Thursday, June 20th. Finally, Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $131.29.
Shares of NYSE:BFAM opened at $153.09 on Wednesday. The firm has a market cap of $8.89 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 4.26 and a beta of 0.31. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36. The company has a 50-day simple moving average of $144.18. Bright Horizons Family Solutions has a 1 year low of $105.15 and a 1 year high of $155.00.
In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $127.87, for a total transaction of $511,480.00. Following the completion of the sale, the chief executive officer now directly owns 95,633 shares of the company’s stock, valued at approximately $12,228,591.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen I. Dreier sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $151.84, for a total value of $986,960.00. Following the sale, the executive vice president now directly owns 41,023 shares of the company’s stock, valued at $6,228,932.32. The disclosure for this sale can be found here. Insiders sold a total of 38,908 shares of company stock valued at $5,505,026 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Bluestein R H & Co. bought a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $381,000. Nomura Asset Management Co. Ltd. increased its holdings in Bright Horizons Family Solutions by 1.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after purchasing an additional 170 shares in the last quarter. Great Point Wealth Advisors LLC bought a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $1,019,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Bright Horizons Family Solutions by 20.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,525 shares of the company’s stock worth $393,000 after purchasing an additional 596 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Bright Horizons Family Solutions by 12.4% during the 4th quarter. Legal & General Group Plc now owns 33,573 shares of the company’s stock worth $3,741,000 after purchasing an additional 3,717 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.
About Bright Horizons Family Solutions
Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.
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