Cerity Partners LLC Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Cerity Partners LLC acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,903 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors also recently bought and sold shares of KD. International Assets Investment Management LLC bought a new position in shares of Kyndryl in the 4th quarter worth $1,664,000. Bleakley Financial Group LLC bought a new position in Kyndryl in the fourth quarter worth about $284,000. New York State Teachers Retirement System lifted its position in shares of Kyndryl by 0.9% during the fourth quarter. New York State Teachers Retirement System now owns 208,389 shares of the company’s stock valued at $4,330,000 after buying an additional 1,900 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Kyndryl in the 4th quarter valued at about $28,992,000. Finally, Silverberg Bernstein Capital Management LLC purchased a new position in shares of Kyndryl in the 4th quarter worth approximately $739,000. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of Kyndryl stock opened at $19.84 on Tuesday. The firm has a market capitalization of $4.57 billion, a P/E ratio of -4.38, a PEG ratio of 5.49 and a beta of 1.55. Kyndryl Holdings, Inc. has a 52 week low of $11.35 and a 52 week high of $22.90. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03. The company has a 50 day moving average price of $21.34 and a 200 day moving average price of $19.68.

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

Analyst Ratings Changes

Several brokerages have weighed in on KD. Evercore ISI upgraded shares of Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 target price for the company in a research note on Monday, January 8th. Susquehanna upgraded Kyndryl from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $19.00 to $27.00 in a research note on Monday, February 12th.

About Kyndryl

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.