Teachers Retirement System of The State of Kentucky Takes $934,000 Position in Guardian Pharmacy Services, Inc. $GRDN

Teachers Retirement System of The State of Kentucky acquired a new position in Guardian Pharmacy Services, Inc. (NYSE:GRDN) during the 1st quarter, Holdings Channel reports. The firm acquired 24,800 shares of the company’s stock, valued at approximately $934,000.

Several other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in Guardian Pharmacy Services by 274.9% in the fourth quarter. SG Americas Securities LLC now owns 19,017 shares of the company’s stock worth $572,000 after acquiring an additional 13,945 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Guardian Pharmacy Services by 21.9% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,048,136 shares of the company’s stock worth $31,538,000 after acquiring an additional 187,963 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Guardian Pharmacy Services during the 4th quarter valued at $3,489,000. Globeflex Capital L P bought a new stake in shares of Guardian Pharmacy Services during the 4th quarter valued at $1,335,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in shares of Guardian Pharmacy Services in the 4th quarter worth $439,000.

Guardian Pharmacy Services Stock Performance

Shares of Guardian Pharmacy Services stock opened at $40.19 on Friday. Guardian Pharmacy Services, Inc. has a fifty-two week low of $19.30 and a fifty-two week high of $44.00. The company has a market capitalization of $2.00 billion, a P/E ratio of 48.42, a P/E/G ratio of 2.62 and a beta of 0.05. The company has a fifty day moving average of $39.85 and a 200 day moving average of $35.98.

Guardian Pharmacy Services (NYSE:GRDN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Guardian Pharmacy Services had a return on equity of 30.72% and a net margin of 3.64%.The company had revenue of $336.60 million for the quarter, compared to analysts’ expectations of $329.89 million. During the same period in the previous year, the firm earned $0.22 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. Analysts forecast that Guardian Pharmacy Services, Inc. will post 1.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GRDN. Truist Financial raised their target price on Guardian Pharmacy Services from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Bank of America upped their price target on Guardian Pharmacy Services from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Weiss Ratings downgraded Guardian Pharmacy Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Jefferies Financial Group began coverage on Guardian Pharmacy Services in a research report on Monday, March 30th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Zacks Research downgraded Guardian Pharmacy Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Guardian Pharmacy Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.83.

About Guardian Pharmacy Services

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. The company’s Guardian Compass includes dashboards created using data from its data warehouse to help its local pharmacies plan, track, and optimize their business operations; and GuardianShield Programs for LTCFs.