Teacher Retirement System of Texas Acquires 22,268 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Teacher Retirement System of Texas lifted its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 99.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,689 shares of the company's stock after acquiring an additional 22,268 shares during the quarter. Teacher Retirement System of Texas' holdings in Kyndryl were worth $1,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KD. FMR LLC boosted its holdings in shares of Kyndryl by 105.5% in the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after buying an additional 6,371,541 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after purchasing an additional 2,033,549 shares in the last quarter. Deutsche Bank AG lifted its holdings in Kyndryl by 95.9% during the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after purchasing an additional 1,050,856 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in Kyndryl by 180.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock valued at $46,082,000 after purchasing an additional 856,629 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new position in Kyndryl during the fourth quarter valued at approximately $26,085,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Insider Activity

In other news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction that occurred on Monday, June 2nd. The shares were 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 in the company, valued at $2,868,100.92. This trade represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Susquehanna lowered their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Oppenheimer lifted their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday.

Kyndryl Price Performance

Shares of Kyndryl stock traded down $1.78 on Friday, hitting $39.80. 1,881,209 shares of the company traded hands, compared to its average volume of 2,025,726. The stock has a market capitalization of $9.21 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.93. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.07 and a current ratio of 1.07. Kyndryl Holdings, Inc. has a 52 week low of $21.34 and a 52 week high of $44.20. The business has a 50-day simple moving average of $39.93 and a 200 day simple moving average of $37.02.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. Research analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal 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.