Wellington Management Group LLP Has $8.25 Million Stock Holdings in Guardian Pharmacy Services, Inc. (NYSE:GRDN)

Wellington Management Group LLP cut its holdings in Guardian Pharmacy Services, Inc. (NYSE:GRDN - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 407,000 shares of the company's stock after selling 93,000 shares during the quarter. Wellington Management Group LLP owned about 0.64% of Guardian Pharmacy Services worth $8,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. acquired a new position in shares of Guardian Pharmacy Services in the third quarter worth about $8,575,000. Barclays PLC purchased a new stake in shares of Guardian Pharmacy Services in the 3rd quarter valued at approximately $311,000. Charles Schwab Investment Management Inc. acquired a new position in Guardian Pharmacy Services in the 4th quarter worth approximately $544,000. Rhumbline Advisers purchased a new position in Guardian Pharmacy Services during the 4th quarter worth approximately $149,000. Finally, New York State Common Retirement Fund raised its stake in Guardian Pharmacy Services by 17.9% during the 4th quarter. New York State Common Retirement Fund now owns 278,548 shares of the company's stock valued at $5,643,000 after purchasing an additional 42,368 shares during the period.

Analyst Ratings Changes

Separately, Truist Financial raised their price objective on Guardian Pharmacy Services from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday.

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Guardian Pharmacy Services Price Performance

NYSE GRDN traded up $0.13 during trading on Tuesday, hitting $23.02. 38,885 shares of the company traded hands, compared to its average volume of 153,901. Guardian Pharmacy Services, Inc. has a 12 month low of $14.16 and a 12 month high of $25.74. The business has a fifty day simple moving average of $20.43 and a 200 day simple moving average of $20.66.

Guardian Pharmacy Services Company Profile

Guardian Pharmacy Services, Inc, a pharmacy service company, provides a suite of technology-enabled services designed to help residents of long-term health care facilities (LTCFs) in the United States. Its individualized clinical, drug dispensing, and administration capabilities are used to serve the needs of residents in lower acuity LTCFs, such as assisted living facilities and behavioral health facilities and group homes.