Strs Ohio Has $7.58 Million Holdings in Kyndryl Holdings, Inc. $KD

Strs Ohio raised its position in Kyndryl Holdings, Inc. (NYSE:KD) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,750 shares of the company’s stock after buying an additional 13,818 shares during the period. Strs Ohio owned 0.08% of Kyndryl worth $7,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KD. Nuveen LLC acquired a new position in Kyndryl in the first quarter valued at about $30,466,000. GMT Capital Corp boosted its position in Kyndryl by 24.2% in the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after buying an additional 718,300 shares in the last quarter. MetLife Investment Management LLC boosted its position in Kyndryl by 444.1% in the first quarter. MetLife Investment Management LLC now owns 711,965 shares of the company’s stock valued at $22,356,000 after buying an additional 581,118 shares in the last quarter. Cinctive Capital Management LP lifted its position in shares of Kyndryl by 65.9% during the first quarter. Cinctive Capital Management LP now owns 786,112 shares of the company’s stock worth $24,684,000 after purchasing an additional 312,326 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Kyndryl during the first quarter worth approximately $8,319,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Trading Up 1.7%

KD opened at $28.90 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 3.24 and a beta of 1.84. The firm has a 50 day simple moving average of $30.33 and a 200 day simple moving average of $34.70. Kyndryl Holdings, Inc. has a fifty-two week low of $22.68 and a fifty-two week high of $44.20.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. Kyndryl’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Wall Street Zen lowered shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Morgan Stanley assumed coverage on shares of Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price on the stock. Finally, Oppenheimer upped their target price on shares of Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.00.

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.