Dimensional Fund Advisors LP Reduces Position in Kyndryl Holdings, Inc. $KD

Key Points

• Dimensional Fund Advisors LP reduced its stake in Kyndryl Holdings by 11.7%, owning approximately 4.29 million shares valued at $134.75 million after selling 567,272 shares in the first quarter.
• Several institutional investors, including Envestnet Asset Management and NewEdge Advisors, increased their holdings during the past quarters, reflecting ongoing interest in Kyndryl.
• Kyndryl's recent quarterly earnings showed an EPS of $0.37, exceeding analyst expectations, although its revenue of $3.74 billion fell short of the projected $3.83 billion.

Dimensional Fund Advisors LP lessened its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 11.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,291,501 shares of the company's stock after selling 567,272 shares during the period. Dimensional Fund Advisors LP owned about 1.84% of Kyndryl worth $134,751,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Fox Run Management L.L.C. increased its holdings in Kyndryl by 192.3% during the first quarter. Fox Run Management L.L.C. now owns 17,140 shares of the company's stock valued at $538,000 after buying an additional 11,277 shares during the period. Cookson Peirce & Co. Inc. purchased a new position in Kyndryl during the first quarter valued at approximately $8,319,000. Ground Swell Capital LLC purchased a new position in Kyndryl during the first quarter valued at approximately $244,000. HighTower Advisors LLC increased its holdings in Kyndryl by 13.4% during the first quarter. HighTower Advisors LLC now owns 35,269 shares of the company's stock valued at $1,107,000 after buying an additional 4,160 shares during the period. Finally, Nuveen LLC purchased a new position in Kyndryl during the first quarter valued at approximately $30,466,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the company'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 owned 73,278 shares in the company, valued at approximately $2,868,100.92. This represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.

Kyndryl Stock Performance

Shares of KD traded up $0.28 during trading hours on Wednesday, reaching $31.55. 2,209,812 shares of the company traded hands, compared to its average volume of 3,806,039. The stock has a market capitalization of $7.29 billion, a P/E ratio of 26.08, a P/E/G ratio of 3.42 and a beta of 1.91. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 12-month low of $22.26 and a 12-month high of $44.20. The business has a fifty day moving average price of $36.81 and a 200-day moving average price of $36.19.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Oppenheimer lifted their price target on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kyndryl has a consensus rating of "Buy" and a consensus target price of $46.00.

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.