Dimensional Fund Advisors LP Sells 1,178,030 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Dimensional Fund Advisors LP reduced its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 13.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,381,071 shares of the company’s stock after selling 1,178,030 shares during the quarter. Dimensional Fund Advisors LP owned 3.20% of Kyndryl worth $194,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KD. Acadian Asset Management LLC purchased a new position in Kyndryl during the first quarter valued at $26,000. ORG Partners LLC lifted its position in shares of Kyndryl by 622.4% during 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 in the last quarter. Headlands Technologies LLC lifted its position in shares of Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after buying an additional 554 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Kyndryl during the 1st quarter valued at approximately $33,000. Finally, Fortis Group Advisors LLC increased its holdings in Kyndryl by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

NYSE KD opened at $23.76 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.82. Kyndryl Holdings, Inc. has a twelve month low of $13.87 and a twelve month high of $28.60. The business has a 50-day moving average price of $24.24 and a 200-day moving average price of $23.95. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of -15.94, a price-to-earnings-growth ratio of 4.77 and a beta of 1.64.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share 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 business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.78 billion. As a group, equities research analysts predict that Kyndryl Holdings, Inc. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer began coverage on shares of Kyndryl in a report on Thursday, June 27th. They set an “outperform” rating and a $33.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $29.40.

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.