New York State Teachers Retirement System Acquires 2,900 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

New York State Teachers Retirement System increased its position in shares of Kyndryl Holdings, Inc. (NYSE:KDGet Rating) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,889 shares of the company’s stock after buying an additional 2,900 shares during the period. New York State Teachers Retirement System owned 0.09% of Kyndryl worth $1,703,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KD. Ronald Blue Trust Inc. bought a new stake in shares of Kyndryl during the 2nd quarter worth $26,000. Allworth Financial LP boosted its holdings in shares of Kyndryl by 47.6% during the 3rd quarter. Allworth Financial LP now owns 3,807 shares of the company’s stock worth $31,000 after buying an additional 1,228 shares during the period. CWM LLC bought a new stake in shares of Kyndryl during the 2nd quarter worth $39,000. Geneos Wealth Management Inc. bought a new stake in shares of Kyndryl during the 1st quarter worth $61,000. Finally, Lazard Asset Management LLC raised its stake in Kyndryl by 64.3% during the 2nd quarter. Lazard Asset Management LLC now owns 6,667 shares of the company’s stock valued at $64,000 after purchasing an additional 2,608 shares during the last quarter. 62.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KD shares. Susquehanna started coverage on shares of Kyndryl in a research note on Thursday, January 12th. They set a “neutral” rating and a $14.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Kyndryl from $11.00 to $13.00 in a research note on Thursday, December 15th.

Kyndryl Price Performance

NYSE:KD opened at $12.05 on Thursday. Kyndryl Holdings, Inc. has a one year low of $7.93 and a one year high of $17.72. The stock has a market cap of $2.73 billion, a P/E ratio of -1.81 and a beta of 1.59. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $11.25 and a 200 day moving average price of $10.43.

Kyndryl (NYSE:KDGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.02). Kyndryl had a negative net margin of 8.59% and a negative return on equity of 51.01%. The business had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.06 billion. Analysts anticipate that Kyndryl Holdings, Inc. will post -3.25 earnings per share for the current year.

Insider Activity

In other Kyndryl news, CEO Martin J. Schroeter acquired 109,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was bought at an average price of $9.68 per share, for a total transaction of $1,055,120.00. Following the purchase, the chief executive officer now owns 1,191,833 shares in the company, valued at approximately $11,536,943.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Elly Keinan bought 23,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average price of $9.19 per share, for a total transaction of $218,722.00. Following the transaction, the insider now directly owns 651,309 shares of the company’s stock, valued at approximately $5,985,529.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Martin J. Schroeter bought 109,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were purchased at an average price of $9.68 per share, with a total value of $1,055,120.00. Following the transaction, the chief executive officer now directly owns 1,191,833 shares in the company, valued at $11,536,943.44. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 152,800 shares of company stock worth $1,456,442. 0.23% of the stock is currently owned by corporate insiders.

Kyndryl Profile

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

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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