Invesco Ltd. Trims Stock Holdings in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Invesco Ltd. reduced its stake in Grid Dynamics Holdings, Inc. by 20.8% during the first quarter, selling 112,062 shares, and now owns 0.51% of the company valued at approximately $6.66 million.
• Several institutional investors have adjusted their stakes, with Dimensional Fund Advisors LP adding to its holdings by 1.0% in the fourth quarter and Fourth Sail Capital LP increasing its stake by 52.3% in the first quarter.
• Equities research analysts have downgraded Grid Dynamics' price targets, with Needham & Company lowering it from $20.00 to $15.00 and JPMorgan Chase & Co. adjusting it from $13.00 to $11.00, although the company remains rated "Buy" by four analysts.

Invesco Ltd. lowered its position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 20.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 425,749 shares of the company's stock after selling 112,062 shares during the period. Invesco Ltd. owned 0.51% of Grid Dynamics worth $6,663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Grid Dynamics by 106.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 365,139 shares of the company's stock valued at $5,714,000 after purchasing an additional 188,296 shares in the last quarter. Swiss National Bank lifted its holdings in Grid Dynamics by 7.2% in the 1st quarter. Swiss National Bank now owns 129,300 shares of the company's stock valued at $2,024,000 after purchasing an additional 8,700 shares in the last quarter. CenterBook Partners LP purchased a new position in Grid Dynamics in the 1st quarter valued at $1,793,000. Mutual of America Capital Management LLC lifted its holdings in Grid Dynamics by 2.8% in the 1st quarter. Mutual of America Capital Management LLC now owns 357,779 shares of the company's stock valued at $5,599,000 after purchasing an additional 9,835 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Grid Dynamics by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 530,881 shares of the company's stock valued at $8,308,000 after purchasing an additional 25,285 shares in the last quarter. Hedge funds and other institutional investors own 71.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Needham & Company LLC decreased their price objective on Grid Dynamics from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. decreased their price objective on Grid Dynamics from $13.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Wall Street Zen lowered Grid Dynamics from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $15.75.

Grid Dynamics Stock Performance

Shares of NASDAQ GDYN traded up $0.22 during trading on Friday, hitting $8.29. 1,723,067 shares of the company were exchanged, compared to its average volume of 1,618,368. Grid Dynamics Holdings, Inc. has a 12-month low of $7.46 and a 12-month high of $25.50. The company has a fifty day moving average price of $9.79 and a 200-day moving average price of $13.27. The firm has a market capitalization of $701.91 million, a PE ratio of 43.63 and a beta of 1.06.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The business had revenue of $101.10 million for the quarter, compared to analyst estimates of $100.45 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The company's quarterly revenue was up 21.7% compared to the same quarter last year. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Grid Dynamics Profile

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.