Grid Dynamics Holdings, Inc. $GDYN Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 72.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,073,327 shares of the company’s stock after buying an additional 451,862 shares during the period. American Century Companies Inc. owned 1.28% of Grid Dynamics worth $16,798,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Oak Ridge Investments LLC acquired a new position in shares of Grid Dynamics in the 1st quarter valued at $1,598,000. Lord Abbett & CO. LLC boosted its holdings in shares of Grid Dynamics by 27.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,067,454 shares of the company’s stock valued at $16,706,000 after buying an additional 231,598 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Grid Dynamics by 28,150.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company’s stock valued at $27,000 after buying an additional 1,689 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Grid Dynamics by 27.4% in the 1st quarter. Russell Investments Group Ltd. now owns 160,927 shares of the company’s stock valued at $2,519,000 after buying an additional 34,620 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Grid Dynamics by 27.2% in the 1st quarter. Public Sector Pension Investment Board now owns 195,627 shares of the company’s stock valued at $3,062,000 after buying an additional 41,801 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GDYN. JPMorgan Chase & Co. lowered their target price on shares of Grid Dynamics from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Wall Street Zen cut shares of Grid Dynamics from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Needham & Company LLC lowered their target price on shares of Grid Dynamics from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Grid Dynamics has a consensus rating of “Buy” and a consensus price target of $15.75.

Grid Dynamics Price Performance

Shares of NASDAQ:GDYN opened at $8.10 on Monday. The stock has a market cap of $685.83 million, a P/E ratio of 42.63 and a beta of 1.06. The firm has a fifty day moving average price of $10.14 and a 200 day moving average price of $13.73. Grid Dynamics Holdings, Inc. has a 1-year low of $7.46 and a 1-year high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results 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 analysts’ expectations of $100.45 million. Grid Dynamics had a net margin of 4.37% and a return on equity of 1.89%. Grid Dynamics’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. 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.

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.