Voya Investment Management LLC Decreases Stock Holdings in Grid Dynamics Holdings, Inc. $GDYN

Voya Investment Management LLC reduced its stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 10.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,983 shares of the company’s stock after selling 1,866 shares during the quarter. Voya Investment Management LLC’s holdings in Grid Dynamics were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GDYN. Cetera Investment Advisers purchased a new stake in shares of Grid Dynamics during the 4th quarter worth $200,000. Millennium Management LLC acquired a new position in shares of Grid Dynamics in the fourth quarter valued at about $519,000. Two Sigma Investments LP purchased a new stake in shares of Grid Dynamics in the fourth quarter worth about $1,219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Grid Dynamics by 7.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 119,913 shares of the company’s stock worth $2,667,000 after buying an additional 8,116 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Grid Dynamics by 5.2% in the fourth quarter. California State Teachers Retirement System now owns 57,063 shares of the company’s stock worth $1,269,000 after buying an additional 2,820 shares during the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Grid Dynamics Stock Performance

NASDAQ:GDYN opened at $7.74 on Tuesday. Grid Dynamics Holdings, Inc. has a one year low of $7.37 and a one year high of $25.50. The stock has a market cap of $655.35 million, a PE ratio of 40.74 and a beta of 1.03. The stock has a 50 day moving average price of $8.26 and a 200 day moving average price of $11.51.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The firm had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $100.45 million. During the same quarter last year, the firm earned $0.08 earnings per share. The business’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, analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on GDYN shares. JPMorgan Chase & Co. lowered their target price on Grid Dynamics from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Wall Street Zen downgraded Grid Dynamics from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Jefferies Financial Group started coverage on Grid Dynamics in a research report on Monday, September 22nd. They set a “buy” rating and a $11.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Grid Dynamics in a research report on Thursday, September 25th. Five 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 $14.80.

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.