Kyndryl Holdings, Inc. (NYSE:KD) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,666,365 shares of the company's stock after purchasing an additional 190,062 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.21% of Kyndryl worth $200,873,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its stake in Kyndryl by 1.1% in the fourth quarter. SummerHaven Investment Management LLC now owns 56,484 shares of the company's stock worth $1,174,000 after buying an additional 594 shares in the last quarter. Huntington National Bank boosted its position in Kyndryl by 32.9% during the third quarter. Huntington National Bank now owns 3,714 shares of the company's stock valued at $56,000 after purchasing an additional 919 shares in the last quarter. Arizona State Retirement System raised its holdings in Kyndryl by 1.5% in the third quarter. Arizona State Retirement System now owns 64,874 shares of the company's stock worth $980,000 after purchasing an additional 972 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Kyndryl by 5.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,733 shares of the company's stock worth $283,000 after purchasing an additional 1,029 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Kyndryl by 0.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 198,891 shares of the company's stock worth $3,003,000 after buying an additional 1,080 shares during the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KD shares. Susquehanna raised their target price on shares of Kyndryl from $27.00 to $33.00 and gave the company a "positive" rating in a research note on Thursday, May 9th. Scotiabank raised their price objective on Kyndryl from $28.00 to $30.00 and gave the stock a "sector outperform" rating in a research report on Monday. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kyndryl presently has an average rating of "Buy" and an average target price of $28.50.

Kyndryl Stock Performance

Kyndryl stock traded down $0.73 during mid-day trading on Thursday, reaching $27.32. 2,377,530 shares of the company traded hands, compared to its average volume of 1,692,396. The firm's fifty day moving average is $21.79 and its two-hundred day moving average is $20.41. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of -18.83, a price-to-earnings-growth ratio of 7.42 and a beta of 1.57. Kyndryl Holdings, Inc. has a fifty-two week low of $11.35 and a fifty-two week high of $28.42. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.94 and a quick ratio of 0.94.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.11. Kyndryl had a negative return on equity of 4.01% and a negative net margin of 2.12%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company's revenue was down 9.5% compared to the same quarter last year. On average, equities research analysts expect that Kyndryl Holdings, Inc. will post 0.71 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.