Teacher Retirement System of Texas Purchases 22,268 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Teacher Retirement System of Texas raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 99.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,689 shares of the company’s stock after acquiring an additional 22,268 shares during the period. Teacher Retirement System of Texas’ holdings in Kyndryl were worth $1,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of KD. Jones Financial Companies Lllp increased its position in Kyndryl by 26.2% during the fourth quarter. Jones Financial Companies Lllp now owns 5,134 shares of the company’s stock valued at $178,000 after acquiring an additional 1,065 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Kyndryl during the fourth quarter valued at $515,000. Raymond James Financial Inc. purchased a new stake in shares of Kyndryl during the fourth quarter valued at $11,359,000. PNC Financial Services Group Inc. boosted its stake in shares of Kyndryl by 41.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 35,148 shares of the company’s stock valued at $1,216,000 after purchasing an additional 10,283 shares during the period. Finally, Amundi boosted its stake in shares of Kyndryl by 65.4% during the fourth quarter. Amundi now owns 223,594 shares of the company’s stock valued at $8,434,000 after purchasing an additional 88,404 shares during the period. Institutional investors own 71.53% of the company’s stock.

Insider Buying and Selling

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $39.14, for a total value of $1,035,292.14. Following the completion of the transaction, the senior vice president directly owned 73,278 shares in the company, valued at approximately $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Kyndryl Stock Down 4.3%

NYSE:KD opened at $39.80 on Friday. The firm has a market cap of $9.21 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.93. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50-day moving average of $39.93 and a 200 day moving average of $37.02. Kyndryl Holdings, Inc. has a 1-year low of $21.34 and a 1-year high of $44.20.

Kyndryl (NYSE:KDGet Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. As a group, research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KD. Oppenheimer boosted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Wall Street Zen lowered shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Susquehanna lowered their target price on shares of Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd.

Read Our Latest Stock Analysis on Kyndryl

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.

Further Reading

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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