Sei Investments Co. Has $3.40 Million Stock Position in Kyndryl Holdings, Inc. $KD

Sei Investments Co. lowered its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 12.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 259,095 shares of the company’s stock after selling 36,112 shares during the quarter. Sei Investments Co.’s holdings in Kyndryl were worth $3,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Kyndryl by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 28,331,302 shares of the company’s stock worth $752,479,000 after acquiring an additional 144,625 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Kyndryl by 53.9% during the fourth quarter. AQR Capital Management LLC now owns 6,443,037 shares of the company’s stock valued at $170,934,000 after purchasing an additional 2,255,860 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kyndryl by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,443 shares of the company’s stock valued at $124,420,000 after purchasing an additional 76,614 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kyndryl by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,456,962 shares of the company’s stock valued at $118,997,000 after purchasing an additional 63,846 shares in the last quarter. Finally, Sound Shore Management Inc. CT raised its position in Kyndryl by 39.5% in the 1st quarter. Sound Shore Management Inc. CT now owns 4,147,984 shares of the company’s stock worth $54,422,000 after purchasing an additional 1,173,761 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Trading Up 0.4%

KD opened at $14.05 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.85 and a quick ratio of 0.88. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 37.97 and a beta of 1.65. The firm has a 50 day simple moving average of $12.16 and a 200 day simple moving average of $13.65. Kyndryl Holdings, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $33.90.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.04. Kyndryl had a net margin of 0.58% and a return on equity of 12.24%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business posted $0.37 earnings per share. Kyndryl’s revenue was down 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

KD has been the topic of several research reports. Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings cut Kyndryl from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Susquehanna lowered Kyndryl from a “positive” rating to a “neutral” rating and cut their price target for the company from $16.00 to $13.00 in a research note on Thursday, May 21st. Wall Street Zen cut Kyndryl from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Scotiabank decreased their price target on Kyndryl from $16.50 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, May 8th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $16.83.

About Kyndryl

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.