Strs Ohio Acquires New Stake in Kyndryl Holdings, Inc. $KD

Key Points

• Strs Ohio has acquired 166,932 shares of Kyndryl Holdings, Inc., valued at approximately $5.24 million, representing about 0.07% ownership in the company.
• Multiple institutional investors have increased their stakes in Kyndryl, with significant purchases from firms like Lazard Asset Management and Nuveen Asset Management, contributing to institutional ownership now at 71.53%.
• Kyndryl's stock has undergone a recent rating shift, with analysts issuing a consensus target price of $46.00 and three analysts rating it as a "Buy".

Strs Ohio acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 166,932 shares of the company's stock, valued at approximately $5,242,000. Strs Ohio owned approximately 0.07% of Kyndryl at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KD. Focus Partners Wealth bought a new position in shares of Kyndryl during the 4th quarter worth about $669,000. Graham Capital Management L.P. bought a new position in shares of Kyndryl during the 4th quarter worth about $259,000. Lazard Asset Management LLC boosted its position in shares of Kyndryl by 67,916.7% during the 4th quarter. Lazard Asset Management LLC now owns 40,810 shares of the company's stock worth $1,411,000 after purchasing an additional 40,750 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Kyndryl by 7.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,001,131 shares of the company's stock worth $34,639,000 after purchasing an additional 71,351 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Kyndryl during the 4th quarter worth about $1,066,000. Institutional investors own 71.53% of the company's stock.

Analysts Set New Price Targets

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

Kyndryl Trading Down 2.4%

NYSE:KD opened at $31.96 on Monday. Kyndryl Holdings, Inc. has a 12 month low of $22.26 and a 12 month high of $44.20. The stock has a market capitalization of $7.39 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 3.49 and a beta of 1.89. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The firm's 50 day moving average is $34.60 and its 200 day moving average is $35.49.

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

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