Arizona State Retirement System Buys 972 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Arizona State Retirement System grew its holdings in Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 1.5% in the 3rd quarter, Holdings reports. The fund owned 64,874 shares of the company’s stock after buying an additional 972 shares during the period. Arizona State Retirement System’s holdings in Kyndryl were worth $980,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bartlett & Co. LLC lifted its holdings in shares of Kyndryl by 142.0% during the third quarter. Bartlett & Co. LLC now owns 1,873 shares of the company’s stock worth $28,000 after purchasing an additional 1,099 shares during the period. Fairfield Bush & CO. acquired a new stake in shares of Kyndryl during the second quarter worth about $28,000. State of Wyoming acquired a new stake in shares of Kyndryl during the second quarter worth about $55,000. Geneos Wealth Management Inc. acquired a new stake in shares of Kyndryl during the first quarter worth about $61,000. Finally, Aspen Grove Capital LLC acquired a new stake in shares of Kyndryl during the fourth quarter worth about $115,000. Institutional investors and hedge funds own 64.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KD. Susquehanna lifted their target price on Kyndryl from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Evercore ISI upgraded Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, January 8th. JPMorgan Chase & Co. upgraded Kyndryl from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $25.00 in a research report on Monday, December 18th. Finally, TheStreet upgraded Kyndryl from a “d” rating to a “c” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Read Our Latest Report on KD

Kyndryl Stock Down 0.1 %

Kyndryl stock opened at $20.34 on Wednesday. The stock has a market capitalization of $4.67 billion, a PE ratio of -4.11 and a beta of 1.58. Kyndryl Holdings, Inc. has a 12 month low of $11.35 and a 12 month high of $22.02. The business has a 50 day simple moving average of $20.05 and a 200-day simple moving average of $17.20. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.02 and a quick ratio of 1.02.

Kyndryl (NYSE:KDGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.16. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations 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 revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.45) earnings per share. On average, analysts anticipate that Kyndryl Holdings, Inc. will post -0.51 EPS for the current fiscal year.

Kyndryl Profile

(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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