Quantinno Capital Management LP Buys 65,319 Shares of Kyndryl Holdings, Inc. $KD

Quantinno Capital Management LP raised its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 132.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 114,691 shares of the company’s stock after purchasing an additional 65,319 shares during the quarter. Quantinno Capital Management LP’s holdings in Kyndryl were worth $1,505,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings 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 purchasing an additional 144,625 shares during the last quarter. AQR Capital Management LLC raised its holdings in Kyndryl by 53.9% during the 4th quarter. AQR Capital Management LLC now owns 6,443,037 shares of the company’s stock valued at $170,934,000 after buying an additional 2,255,860 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Kyndryl by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,443 shares of the company’s stock valued at $124,420,000 after buying an additional 76,614 shares during the last quarter. Geode Capital Management LLC boosted its position in Kyndryl by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,456,962 shares of the company’s stock valued at $118,997,000 after buying an additional 63,846 shares during the period. Finally, Sound Shore Management Inc. CT boosted its position in Kyndryl by 39.5% during the 1st quarter. Sound Shore Management Inc. CT now owns 4,147,984 shares of the company’s stock valued at $54,422,000 after buying an additional 1,173,761 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Down 2.3%

Shares of Kyndryl stock opened at $13.05 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Kyndryl Holdings, Inc. has a 12-month low of $10.10 and a 12-month high of $33.90. The company has a market cap of $2.84 billion, a P/E ratio of 35.27 and a beta of 1.65. The company’s fifty day simple moving average is $12.21 and its two-hundred day simple moving average is $13.33.

Kyndryl (NYSE:KD) last posted its earnings results on Wednesday, August 5th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Kyndryl had a net margin of 0.58% and a return on equity of 12.24%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. Research analysts anticipate that Kyndryl Holdings, Inc. will post 1.54 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KD shares. Susquehanna lowered shares of Kyndryl from a “positive” rating to a “neutral” rating and cut their price target for the stock from $16.00 to $13.00 in a report on Thursday, May 21st. Wall Street Zen lowered shares of Kyndryl from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. raised their target price on Kyndryl from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday. Weiss Ratings cut Kyndryl from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets restated a “market perform” rating and set a $16.00 price target on shares of Kyndryl in a report on Thursday, August 6th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Kyndryl presently has a consensus rating of “Reduce” and a consensus price target of $16.50.

Kyndryl Profile

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.