Strs Ohio Cuts Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Strs Ohio lowered its position in Kyndryl Holdings, Inc. (NYSE:KD) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,941 shares of the company’s stock after selling 10,576 shares during the period. Strs Ohio’s holdings in Kyndryl were worth $1,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Phocas Financial Corp. acquired a new stake in shares of Kyndryl in the 4th quarter worth approximately $5,446,000. Louisiana State Employees Retirement System acquired a new stake in shares of Kyndryl in the 4th quarter worth approximately $1,338,000. Simplicity Solutions LLC acquired a new stake in shares of Kyndryl in the 4th quarter worth approximately $283,000. Cerity Partners LLC acquired a new stake in shares of Kyndryl in the 4th quarter worth approximately $206,000. Finally, International Assets Investment Management LLC acquired a new stake in Kyndryl during the 4th quarter valued at $1,664,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

Shares of NYSE:KD opened at $19.98 on Tuesday. Kyndryl Holdings, Inc. has a one year low of $11.35 and a one year high of $22.90. The business’s fifty day moving average price is $21.49 and its two-hundred day moving average price is $19.48. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $4.60 billion, a PE ratio of -4.41, a price-to-earnings-growth ratio of 5.54 and a beta of 1.54.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. On average, analysts forecast that Kyndryl Holdings, Inc. will post -0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KD has been the topic of a number of analyst reports. Evercore ISI upgraded Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Monday, January 8th. Susquehanna upgraded Kyndryl from a “neutral” rating to a “positive” rating and increased their target price for the company from $19.00 to $27.00 in a report on Monday, February 12th.

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.