Public Sector Pension Investment Board Boosts Holdings in Grid Dynamics Holdings, Inc. $GDYN

Key Points

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Public Sector Pension Investment Board grew its stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 27.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 195,627 shares of the company's stock after purchasing an additional 41,801 shares during the period. Public Sector Pension Investment Board owned approximately 0.23% of Grid Dynamics worth $3,062,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System raised its stake in shares of Grid Dynamics by 35.1% during the 1st quarter. New York State Teachers Retirement System now owns 17,903 shares of the company's stock worth $280,000 after buying an additional 4,656 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Grid Dynamics during the 1st quarter worth $546,000. SG Americas Securities LLC raised its stake in shares of Grid Dynamics by 426.8% during the 1st quarter. SG Americas Securities LLC now owns 57,363 shares of the company's stock worth $898,000 after buying an additional 46,475 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Grid Dynamics by 3.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 91,624 shares of the company's stock worth $1,434,000 after buying an additional 3,209 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Grid Dynamics by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 324,145 shares of the company's stock worth $5,073,000 after buying an additional 7,544 shares during the last quarter. Institutional investors and hedge funds own 71.18% of the company's stock.

Grid Dynamics Stock Performance

GDYN stock traded up $0.09 during trading on Friday, hitting $8.10. The stock had a trading volume of 1,915,051 shares, compared to its average volume of 841,067. The company's 50 day moving average price is $10.21 and its two-hundred day moving average price is $13.97. Grid Dynamics Holdings, Inc. has a 1-year low of $7.46 and a 1-year high of $25.50. The stock has a market cap of $685.83 million, a price-to-earnings ratio of 42.63 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut 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. Wall Street Zen downgraded Grid Dynamics from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Needham & Company LLC cut 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grid Dynamics presently has a consensus rating of "Buy" and a consensus price target of $15.75.

About Grid Dynamics

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.