Arizona State Retirement System Has $1.33 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Arizona State Retirement System cut its position in Kyndryl Holdings, Inc. (NYSE:KD) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,985 shares of the company’s stock after selling 889 shares during the period. Arizona State Retirement System’s holdings in Kyndryl were worth $1,330,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KD. Goldman Sachs Group Inc. lifted its position in Kyndryl by 3,628.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 17,387,317 shares of the company’s stock valued at $170,048,000 after acquiring an additional 16,920,997 shares in the last quarter. Deutsche Bank AG lifted its position in Kyndryl by 1,266.6% in the 3rd quarter. Deutsche Bank AG now owns 4,865,411 shares of the company’s stock valued at $73,468,000 after acquiring an additional 4,509,381 shares in the last quarter. Norges Bank bought a new position in Kyndryl in the 4th quarter valued at about $26,154,000. BlackRock Inc. lifted its position in Kyndryl by 12.6% in the 3rd quarter. BlackRock Inc. now owns 18,909,290 shares of the company’s stock valued at $156,379,000 after acquiring an additional 2,123,293 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in Kyndryl by 58.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,910,549 shares of the company’s stock valued at $40,658,000 after acquiring an additional 1,818,983 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Price Performance

Kyndryl stock opened at $20.46 on Monday. Kyndryl Holdings, Inc. has a 52 week low of $11.35 and a 52 week high of $22.90. The company’s 50 day moving average price is $21.61 and its two-hundred day moving average price is $19.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03. The stock has a market cap of $4.71 billion, a P/E ratio of -4.52, a P/E/G ratio of 5.76 and a beta of 1.54.

Kyndryl (NYSE:KD) last posted its 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 firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.89 billion. Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. On average, equities analysts predict that Kyndryl Holdings, Inc. will post -0.57 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on KD shares. JPMorgan Chase & Co. raised shares of Kyndryl from a “neutral” rating to an “overweight” rating and raised their price target for the company from $20.00 to $25.00 in a research report on Monday, December 18th. Evercore ISI raised shares of Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Monday, January 8th. Finally, Susquehanna raised shares of Kyndryl from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $19.00 to $27.00 in a research report on Monday, February 12th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $25.00.

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.