Public Employees Retirement System of Ohio Raises Holdings in Kyndryl Holdings, Inc. $KD

Public Employees Retirement System of Ohio grew its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,191 shares of the company’s stock after purchasing an additional 1,813 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kyndryl were worth $3,239,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in KD. GMT Capital Corp lifted its position in Kyndryl by 24.2% in the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after purchasing an additional 718,300 shares during the period. Cortland Associates Inc. MO increased its stake in shares of Kyndryl by 0.4% during the 1st quarter. Cortland Associates Inc. MO now owns 2,131,738 shares of the company’s stock worth $66,937,000 after purchasing an additional 8,017 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kyndryl by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,883,002 shares of the company’s stock worth $59,126,000 after purchasing an additional 31,644 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Kyndryl by 5.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,265,000 shares of the company’s stock worth $39,721,000 after acquiring an additional 65,000 shares during the period. Finally, Nuveen LLC purchased a new stake in Kyndryl in the 1st quarter worth approximately $30,466,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Down 0.2%

Shares of NYSE:KD opened at $29.98 on Thursday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $6.93 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 3.32 and a beta of 1.86. Kyndryl Holdings, Inc. has a 52 week low of $22.35 and a 52 week high of $44.20. The firm has a 50 day simple moving average of $32.19 and a 200 day simple moving average of $35.08.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. As a group, research analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

KD has been the topic of several recent research reports. Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday. Oppenheimer boosted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Morgan Stanley started coverage on shares of Kyndryl in a research report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price for the company. Finally, Wall Street Zen downgraded shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.00.

About Kyndryl

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.