Capstone Investment Advisors LLC Cuts Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Capstone Investment Advisors LLC lessened its stake in Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,439 shares of the company’s stock after selling 2,966 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Kyndryl were worth $279,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in shares of Kyndryl by 18.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 20,321 shares of the company’s stock worth $307,000 after purchasing an additional 3,120 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Kyndryl by 7.2% during the 3rd quarter. Victory Capital Management Inc. now owns 39,591 shares of the company’s stock worth $598,000 after buying an additional 2,648 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Kyndryl by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 64,874 shares of the company’s stock worth $980,000 after acquiring an additional 972 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Kyndryl in the 3rd quarter valued at about $376,000. Finally, Amalgamated Bank raised its position in shares of Kyndryl by 28.8% during the 3rd quarter. Amalgamated Bank now owns 172,130 shares of the company’s stock worth $2,599,000 after acquiring an additional 38,437 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Price Performance

Shares of NYSE KD opened at $26.61 on Monday. Kyndryl Holdings, Inc. has a 52-week low of $11.92 and a 52-week high of $28.60. The business has a 50-day moving average price of $23.09 and a 200 day moving average price of $21.38. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.03 and a quick ratio of 1.03.

Kyndryl (NYSE:KDGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.76 billion. Kyndryl had a negative return on equity of 4.11% and a negative net margin of 2.12%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) earnings per share. Equities analysts predict that Kyndryl Holdings, Inc. will post 0.87 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KD shares. Susquehanna upped their price target on Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, May 9th. Scotiabank upped their target price on shares of Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a report on Monday, May 13th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $28.50.

Read Our Latest Analysis on KD

About Kyndryl

(Free Report)

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.

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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