American Century Companies Inc. Has $11.72 Million Position in Kyndryl Holdings, Inc. (NYSE:KD)

American Century Companies Inc. lessened its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 63.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,249 shares of the company’s stock after selling 764,194 shares during the quarter. American Century Companies Inc. owned 0.19% of Kyndryl worth $11,715,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in shares of Kyndryl in the first quarter valued at approximately $26,000. ORG Partners LLC lifted its stake in 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 acquiring an additional 1,220 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in Kyndryl by 100.0% during 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 during the last quarter. Atlas Capital Advisors LLC purchased a new position in Kyndryl during the 1st quarter worth $33,000. Finally, Headlands Technologies LLC grew its stake in shares of Kyndryl by 60.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after acquiring an additional 554 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analysts Set New Price Targets

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, Kyndryl presently has a consensus rating of “Buy” and an average target price of $29.40.

Kyndryl Trading Up 0.5 %

Shares of Kyndryl stock opened at $23.88 on Monday. The firm has a market cap of $5.50 billion, a PE ratio of -16.03, a P/E/G ratio of 4.77 and a beta of 1.64. Kyndryl Holdings, Inc. has a 1 year low of $13.87 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 fifty day moving average price of $24.19 and a 200-day moving average price of $23.99.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.78 billion. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. Equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.95 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.