New York State Teachers Retirement System Buys 1,900 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

New York State Teachers Retirement System lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,389 shares of the company’s stock after purchasing an additional 1,900 shares during the period. New York State Teachers Retirement System owned 0.09% of Kyndryl worth $4,330,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KD. Bartlett & Co. LLC raised its stake in Kyndryl by 142.0% in the 3rd quarter. Bartlett & Co. LLC now owns 1,873 shares of the company’s stock valued at $28,000 after acquiring an additional 1,099 shares during the period. Fairfield Bush & CO. bought a new stake in Kyndryl in the 2nd quarter valued at $28,000. Raleigh Capital Management Inc. raised its stake in Kyndryl by 100.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock valued at $46,000 after acquiring an additional 1,517 shares during the period. State of Wyoming bought a new stake in Kyndryl in the 2nd quarter valued at $55,000. Finally, Huntington National Bank raised its stake in Kyndryl by 32.9% in the 3rd quarter. Huntington National Bank now owns 3,714 shares of the company’s stock valued at $56,000 after acquiring an additional 919 shares during the period. Institutional investors own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

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

Kyndryl Stock Performance

KD opened at $20.46 on Monday. The firm has a market cap of $4.71 billion, a P/E ratio of -4.52, a price-to-earnings-growth ratio of 5.76 and a beta of 1.54. Kyndryl Holdings, Inc. has a 52-week low of $11.35 and a 52-week high of $22.90. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.94 and a current ratio of 0.94. The business’s fifty day moving average is $21.61 and its 200-day moving average is $19.32.

Kyndryl (NYSE:KD) last released its earnings results on Tuesday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. Sell-side analysts expect that Kyndryl Holdings, Inc. will post -0.57 EPS for the current fiscal year.

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.