Blue Trust Inc. Boosts Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Blue Trust Inc. lifted its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 34.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,334 shares of the company’s stock after purchasing an additional 1,122 shares during the quarter. Blue Trust Inc.’s holdings in Kyndryl were worth $100,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System increased its stake in shares of Kyndryl by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 56,534 shares of the company’s stock worth $1,230,000 after acquiring an additional 1,500 shares during the last quarter. Retirement Systems of Alabama increased its position in Kyndryl by 0.5% during the first quarter. Retirement Systems of Alabama now owns 288,951 shares of the company’s stock worth $6,288,000 after purchasing an additional 1,561 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in Kyndryl by 2.2% during the first quarter. Texas Permanent School Fund Corp now owns 201,384 shares of the company’s stock worth $4,382,000 after purchasing an additional 4,301 shares during the period. Duality Advisers LP acquired a new position in Kyndryl in the 1st quarter valued at about $1,020,000. Finally, ORG Partners LLC grew its stake in shares of Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock valued at $31,000 after buying an additional 1,220 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 2.1 %

Shares of NYSE KD opened at $24.27 on Wednesday. The company has a market capitalization of $5.59 billion, a P/E ratio of -16.29, a P/E/G ratio of 5.48 and a beta of 1.63. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50 day simple moving average of $23.61 and a 200-day simple moving average of $24.38. Kyndryl Holdings, Inc. has a 1 year low of $13.95 and a 1 year high of $28.60.

Kyndryl (NYSE:KD) last posted its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.78 billion. On average, equities research analysts predict that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current year.

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.