Kyndryl Holdings, Inc. (NYSE:KD) Stock Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 99.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,689 shares of the company's stock after purchasing an additional 22,268 shares during the period. Teacher Retirement System of Texas' holdings in Kyndryl were worth $1,403,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Kyndryl in the first quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Kyndryl in the fourth quarter worth about $30,000. True Wealth Design LLC grew its stake in Kyndryl by 150.6% in the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after purchasing an additional 524 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Kyndryl by 107.9% during the first 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 grew its holdings in shares of Kyndryl by 1,143.0% during the first quarter. Versant Capital Management Inc now owns 1,069 shares of the company's stock valued at $34,000 after purchasing an additional 983 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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

Kyndryl Stock Performance

Shares of NYSE KD traded down $0.38 during midday trading on Wednesday, hitting $38.88. 1,385,863 shares of the company's stock were exchanged, compared to its average volume of 2,021,642. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50 day moving average price is $40.17 and its 200-day moving average price is $37.08. The firm has a market cap of $9.00 billion, a P/E ratio of 37.75, a PEG ratio of 0.89 and a beta of 1.93. Kyndryl Holdings, Inc. has a twelve month low of $21.34 and a twelve month high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The business's revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. Equities research analysts anticipate 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.