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

Key Points

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Public Sector Pension Investment Board boosted 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 195,627 shares of the company's stock after buying an additional 41,801 shares during the quarter. Public Sector Pension Investment Board owned 0.23% of Grid Dynamics worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of Wyoming grew its position in Grid Dynamics by 4.1% during the fourth quarter. State of Wyoming now owns 26,495 shares of the company's stock worth $589,000 after buying an additional 1,046 shares during the period. Coppell Advisory Solutions LLC acquired a new position in Grid Dynamics during the fourth quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Grid Dynamics by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,474 shares of the company's stock worth $722,000 after buying an additional 1,106 shares during the period. Arizona State Retirement System grew its position in Grid Dynamics by 7.4% during the first quarter. Arizona State Retirement System now owns 19,109 shares of the company's stock worth $299,000 after buying an additional 1,324 shares during the period. Finally, PNC Financial Services Group Inc. grew its position 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 worth $36,000 after buying an additional 1,526 shares during the period. 71.18% of the stock is currently owned by institutional investors and hedge funds.

Grid Dynamics Price Performance

Shares of NASDAQ GDYN traded up $0.09 on Friday, hitting $8.10. The company's stock had a trading volume of 1,915,051 shares, compared to its average volume of 1,534,227. Grid Dynamics Holdings, Inc. has a 12-month low of $7.46 and a 12-month high of $25.50. The company has a market capitalization of $685.83 million, a price-to-earnings ratio of 42.63 and a beta of 1.06. The stock has a 50 day moving average of $10.14 and a 200-day moving average of $13.73.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) 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 company had revenue of $101.10 million for the quarter, compared to the consensus estimate of $100.45 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company's revenue for the quarter 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. Sell-side analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GDYN. Wall Street Zen lowered shares of Grid Dynamics from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Needham & Company LLC lowered their target price on shares of Grid Dynamics from $20.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Grid Dynamics from $13.00 to $11.00 and set an "overweight" rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Grid Dynamics currently has a consensus rating of "Buy" and an average target price 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.