Creative Planning Increases Position in Kyndryl Holdings, Inc. (NYSE:KD)

Creative Planning boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,999 shares of the company’s stock after acquiring an additional 1,384 shares during the period. Creative Planning’s holdings in Kyndryl were worth $988,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KD. Mesirow Institutional Investment Management Inc. purchased a new stake in Kyndryl during the 1st quarter valued at about $16,588,000. Great Lakes Advisors LLC purchased a new stake in shares of Kyndryl in the 2nd quarter valued at approximately $19,996,000. Renaissance Technologies LLC grew its stake in shares of 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 buying an additional 675,800 shares during the period. Millennium Management LLC grew its stake in shares of Kyndryl by 101.1% in the 2nd quarter. Millennium Management LLC now owns 1,011,420 shares of the company’s stock valued at $26,610,000 after buying an additional 508,553 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Kyndryl by 392.1% in the 2nd quarter. AQR Capital Management LLC now owns 631,299 shares of the company’s stock valued at $16,578,000 after buying an additional 503,020 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Kyndryl stock opened at $22.97 on Friday. The firm has a 50 day simple moving average of $23.63 and a 200-day simple moving average of $24.39. Kyndryl Holdings, Inc. has a 1-year low of $14.75 and a 1-year high of $28.60. 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 stock has a market cap of $5.31 billion, a price-to-earnings ratio of -27.96, a price-to-earnings-growth ratio of 5.84 and a beta of 1.63.

Kyndryl (NYSE:KD) last posted its quarterly 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. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.78 billion. On average, analysts expect that Kyndryl Holdings, Inc. will post 0.81 EPS 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.