Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,403 shares of the company’s stock after purchasing an additional 31,397 shares during the period. New York State Common Retirement Fund owned about 0.08% of Kyndryl worth $3,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its stake in Kyndryl by 7.9% in the third quarter. State of Alaska Department of Revenue now owns 27,392 shares of the company’s stock worth $413,000 after purchasing an additional 2,015 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Kyndryl by 5.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,733 shares of the company’s stock valued at $283,000 after acquiring an additional 1,029 shares during the last quarter. Xponance Inc. raised its position in shares of Kyndryl by 9.8% during the 3rd quarter. Xponance Inc. now owns 27,443 shares of the company’s stock valued at $414,000 after acquiring an additional 2,451 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Kyndryl by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 2,036,088 shares of the company’s stock worth $30,745,000 after purchasing an additional 78,480 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kyndryl by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,817 shares of the company’s stock worth $647,000 after purchasing an additional 4,977 shares during the period. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Up 3.3 %

NYSE KD opened at $20.54 on Monday. Kyndryl Holdings, Inc. has a 12 month low of $11.35 and a 12 month high of $22.90. The company has a market capitalization of $4.73 billion, a P/E ratio of -4.53, a PEG ratio of 5.79 and a beta of 1.57. The company’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $19.82. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.94 and a quick ratio of 0.94.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. Equities research analysts expect that Kyndryl Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Susquehanna raised shares of Kyndryl from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $19.00 to $27.00 in a research report on Monday, February 12th. Evercore ISI raised Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, January 8th.

Kyndryl Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.