State of New Jersey Common Pension Fund D Has $1.83 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

State of New Jersey Common Pension Fund D boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD – Get Rating) by 31.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,303 shares of the company’s stock after purchasing an additional 52,373 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.10% of Kyndryl worth $1,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KD. New York State Teachers Retirement System increased its holdings in shares of Kyndryl by 1.4% in the third quarter. New York State Teachers Retirement System now owns 205,889 shares of the company’s stock worth $1,703,000 after acquiring an additional 2,900 shares in the last quarter. Comerica Bank grew its holdings in shares of Kyndryl by 11.7% during the third quarter. Comerica Bank now owns 102,646 shares of the company’s stock worth $956,000 after buying an additional 10,781 shares in the last quarter. Securian Asset Management Inc. grew its holdings in shares of Kyndryl by 13.8% during the third quarter. Securian Asset Management Inc. now owns 18,636 shares of the company’s stock worth $154,000 after buying an additional 2,259 shares in the last quarter. Money Concepts Capital Corp grew its holdings in shares of Kyndryl by 6.3% during the third quarter. Money Concepts Capital Corp now owns 19,325 shares of the company’s stock worth $160,000 after buying an additional 1,147 shares in the last quarter. Finally, Arnhold LLC grew its holdings in shares of Kyndryl by 16.6% during the third quarter. Arnhold LLC now owns 1,291,942 shares of the company’s stock worth $10,684,000 after buying an additional 183,688 shares in the last quarter. Institutional investors own 62.96% of the company’s stock.

Insider Activity at Kyndryl

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Susquehanna assumed coverage on Kyndryl in a research report on Thursday, January 12th. They issued a “neutral” rating and a $14.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Kyndryl from $11.00 to $13.00 in a research report on Thursday, December 15th.

Kyndryl Stock Up 2.2 %

Shares of KD opened at $12.30 on Friday. The company has a market capitalization of $2.79 billion, a PE ratio of -1.84 and a beta of 1.59. Kyndryl Holdings, Inc. has a 12 month low of $7.93 and a 12 month high of $17.21. The stock’s 50-day moving average price is $11.32 and its two-hundred day moving average price is $10.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.78.

Kyndryl (NYSE:KD – Get 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). The business had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.06 billion. Kyndryl had a negative net margin of 8.59% and a negative return on equity of 51.01%. On average, analysts anticipate that Kyndryl Holdings, Inc. will post -3.25 EPS for the current year.

About Kyndryl

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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.