Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lowered its position in Kyndryl Holdings, Inc. (NYSE:KD) by 38.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,957 shares of the company’s stock after selling 12,561 shares during the period. Acadian Asset Management LLC’s holdings in Kyndryl were worth $265,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in Kyndryl by 49.9% during the 2nd quarter. Royce & Associates LP now owns 2,865,484 shares of the company’s stock valued at $38,054,000 after buying an additional 953,261 shares during the last quarter. Versor Investments LP grew its holdings in Kyndryl by 140.0% during the 2nd quarter. Versor Investments LP now owns 48,412 shares of the company’s stock valued at $643,000 after buying an additional 28,244 shares during the last quarter. CM Management LLC grew its holdings in Kyndryl by 66.7% during the 2nd quarter. CM Management LLC now owns 100,000 shares of the company’s stock valued at $1,328,000 after buying an additional 40,000 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its holdings in Kyndryl by 3.0% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 309,703 shares of the company’s stock valued at $4,113,000 after buying an additional 8,962 shares during the last quarter. Finally, Barclays PLC grew its holdings in Kyndryl by 12.7% during the 2nd quarter. Barclays PLC now owns 157,872 shares of the company’s stock valued at $2,097,000 after buying an additional 17,826 shares during the last quarter. Institutional investors and hedge funds own 64.89% of the company’s stock.

Kyndryl Trading Up 0.5 %

Shares of Kyndryl stock opened at $18.22 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.81. The firm has a market cap of $4.18 billion, a PE ratio of -3.68 and a beta of 1.44. The business’s fifty day moving average is $15.62 and its two-hundred day moving average is $14.48. Kyndryl Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $18.26.

Kyndryl (NYSE:KD) last issued its earnings results on Tuesday, November 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.16. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.18 billion. Kyndryl had a negative return on equity of 11.38% and a negative net margin of 6.69%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the company posted ($0.45) EPS. Analysts anticipate that Kyndryl Holdings, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

KD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Kyndryl from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 22nd. Susquehanna increased their price target on Kyndryl from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th.

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.