Sei Investments Co. Increases Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Sei Investments Co. lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297,415 shares of the company’s stock after purchasing an additional 36,644 shares during the quarter. Sei Investments Co. owned about 0.13% of Kyndryl worth $7,825,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Kyndryl by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 25,913,034 shares of the company’s stock worth $563,868,000 after buying an additional 81,826 shares during the last quarter. Greenlight Capital Inc. lifted its position in Kyndryl by 13.7% in the fourth quarter. Greenlight Capital Inc. now owns 6,356,069 shares of the company’s stock valued at $132,079,000 after purchasing an additional 767,943 shares during the period. Renaissance Technologies LLC boosted its holdings in Kyndryl by 32.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock valued at $72,768,000 after purchasing an additional 675,800 shares in the last quarter. Zimmer Partners LP increased its position in Kyndryl by 1.3% during the 1st quarter. Zimmer Partners LP now owns 2,542,885 shares of the company’s stock worth $55,333,000 after purchasing an additional 32,000 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Kyndryl by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,102,657 shares of the company’s stock worth $55,321,000 after buying an additional 158,160 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Price Performance

Shares of NYSE:KD opened at $23.01 on Monday. Kyndryl Holdings, Inc. has a 12 month low of $13.87 and a 12 month high of $28.60. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of -15.44, a price-to-earnings-growth ratio of 5.32 and a beta of 1.64. The business’s 50 day simple moving average is $23.79 and its 200-day simple moving average is $24.03. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.03 and a quick ratio of 1.03.

Kyndryl (NYSE:KD) last posted its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.78 billion. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. As a group, equities analysts forecast that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer assumed coverage on Kyndryl in a report on Thursday, June 27th. They set an “outperform” rating and a $33.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $29.40.

Kyndryl 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.