Nuveen LLC Acquires Shares of 1,276,471 Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Nuveen LLC has acquired a new stake in Grid Dynamics Holdings, purchasing 1,276,471 shares valued at approximately $19.98 million, representing about 1.52% ownership of the company.
• Several institutional investors have increased or initiated stakes in Grid Dynamics, with a total of 71.18% of the stock currently owned by institutional investors and hedge funds.
• Grid Dynamics reported a net margin of 4.37% and a revenue increase of 21.7% year-over-year, with quarterly earnings meeting analysts' expectations at $0.10 EPS.

Nuveen LLC acquired a new stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,276,471 shares of the company's stock, valued at approximately $19,977,000. Nuveen LLC owned about 1.52% of Grid Dynamics at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new position in Grid Dynamics during the fourth quarter valued at $25,000. PNC Financial Services Group Inc. raised its stake in Grid Dynamics by 199.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock valued at $36,000 after buying an additional 1,526 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Grid Dynamics in the 1st quarter worth $42,000. Johnson Financial Group Inc. purchased a new position in shares of Grid Dynamics in the fourth quarter worth $70,000. Finally, Cetera Investment Advisers raised its stake in shares of Grid Dynamics by 29.3% in the first quarter. Cetera Investment Advisers now owns 11,639 shares of the company's stock worth $182,000 after purchasing an additional 2,640 shares during the last quarter. Hedge funds and other institutional investors own 71.18% of the company's stock.

Wall Street Analyst Weigh In

GDYN has been the subject of several recent analyst reports. Needham & Company LLC decreased their price target on Grid Dynamics from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Wall Street Zen cut Grid Dynamics from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, JPMorgan Chase & Co. decreased their price target on Grid Dynamics from $13.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $15.75.

Grid Dynamics Stock Down 1.9%

NASDAQ:GDYN traded down $0.15 during mid-day trading on Monday, hitting $7.95. 1,132,202 shares of the company traded hands, compared to its average volume of 1,534,227. The stock's fifty day moving average price is $10.07 and its 200-day moving average price is $13.62. Grid Dynamics Holdings, Inc. has a one year low of $7.46 and a one year high of $25.50. The firm has a market cap of $673.13 million, a price-to-earnings ratio of 41.84 and a beta of 1.06.

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

Grid Dynamics Company 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.