New York State Common Retirement Fund Sells 75,535 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

New York State Common Retirement Fund lessened its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 457,025 shares of the company's stock after selling 75,535 shares during the quarter. New York State Common Retirement Fund owned about 0.20% of Kyndryl worth $14,351,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KD. Opal Wealth Advisors LLC purchased a new position in Kyndryl in the first quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Kyndryl in the 4th quarter valued at approximately $30,000. True Wealth Design LLC raised its holdings in Kyndryl by 150.6% during the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after buying an additional 524 shares during the last quarter. Private Trust Co. NA increased its position in shares of Kyndryl by 107.9% during the 1st quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock valued at $32,000 after purchasing an additional 530 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Kyndryl by 1,143.0% in the first quarter. Versant Capital Management Inc now owns 1,069 shares of the company's stock worth $34,000 after purchasing an additional 983 shares during the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on KD shares. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Susquehanna reduced their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, Oppenheimer upped their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th.

Insider Transactions at Kyndryl

In related news, SVP Vineet Khurana sold 26,451 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $39.14, for a total value of $1,035,292.14. Following the completion of the sale, the senior vice president directly owned 73,278 shares of the company's stock, valued at $2,868,100.92. This represents a 26.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Kyndryl Trading Down 1.1%

Shares of KD traded down $0.44 during midday trading on Monday, hitting $39.03. The stock had a trading volume of 1,175,566 shares, compared to its average volume of 2,020,315. The firm has a market cap of $9.03 billion, a P/E ratio of 37.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.93. The business has a 50-day simple moving average of $40.39 and a two-hundred day simple moving average of $37.18. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.29. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. The firm 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 company's revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) EPS. As a group, equities analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Kyndryl Company 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.