Strs Ohio Invests $5.24 Million 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 bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 166,932 shares of the company's stock, valued at approximately $5,242,000. Strs Ohio owned 0.07% of Kyndryl at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC acquired a new position in shares of Kyndryl during the 1st quarter worth about $943,000. Landscape Capital Management L.L.C. bought a new position in shares of Kyndryl during the 1st quarter valued at about $605,000. Raymond James Financial Inc. lifted its holdings in shares of Kyndryl by 10.6% during the 1st quarter. Raymond James Financial Inc. now owns 363,043 shares of the company's stock valued at $11,400,000 after purchasing an additional 34,735 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Kyndryl by 29.0% during the 1st quarter. Hsbc Holdings PLC now owns 38,094 shares of the company's stock valued at $1,190,000 after purchasing an additional 8,559 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Kyndryl by 44.1% during the 1st quarter. GAMMA Investing LLC now owns 4,322 shares of the company's stock valued at $136,000 after purchasing an additional 1,323 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Kyndryl Stock Down 0.4%

NYSE KD traded down $0.12 during trading on Friday, hitting $31.36. The stock had a trading volume of 4,130,631 shares, compared to its average volume of 2,028,389. The company has a market capitalization of $7.25 billion, a PE ratio of 25.92, a P/E/G ratio of 3.47 and a beta of 1.89. The company's 50-day moving average price is $33.56 and its two-hundred day moving average price is $35.32. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. Kyndryl Holdings, Inc. has a 12 month low of $22.26 and a 12 month high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. As a group, sell-side 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.