Dimensional Fund Advisors LP Raises Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Dimensional Fund Advisors LP lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,666,365 shares of the company’s stock after purchasing an additional 190,062 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kyndryl were worth $200,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jump Financial LLC bought a new stake in Kyndryl in the 4th quarter worth about $1,537,000. Teacher Retirement System of Texas grew its stake in shares of Kyndryl by 37.4% in the fourth quarter. Teacher Retirement System of Texas now owns 27,913 shares of the company’s stock worth $580,000 after acquiring an additional 7,592 shares during the period. Power Wealth Management LLC purchased a new position in shares of Kyndryl during the fourth quarter valued at approximately $1,161,000. Amalgamated Bank lifted its position in Kyndryl by 1.1% during the fourth quarter. Amalgamated Bank now owns 173,989 shares of the company’s stock valued at $3,615,000 after purchasing an additional 1,859 shares during the period. Finally, Natixis Advisors L.P. boosted its holdings in Kyndryl by 10.6% in the fourth quarter. Natixis Advisors L.P. now owns 48,699 shares of the company’s stock worth $1,011,000 after purchasing an additional 4,674 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Up 1.1 %

KD opened at $28.05 on Thursday. The firm’s 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $20.41. The company has a market capitalization of $6.45 billion, a PE ratio of -18.83, a PEG ratio of 7.42 and a beta of 1.57. Kyndryl Holdings, Inc. has a 1-year low of $11.35 and a 1-year high of $28.19. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.03.

Kyndryl (NYSE:KD) last announced 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 company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned ($0.21) EPS. Kyndryl’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Kyndryl Holdings, Inc. will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

KD has been the subject of a number of research reports. Scotiabank boosted their target price on shares of Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a research note on Monday. Susquehanna upped their price objective on Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $28.50.

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.