State of Alaska Department of Revenue Purchases 1,820 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

State of Alaska Department of Revenue raised its position in Kyndryl Holdings, Inc. (NYSE:KD) by 7.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,787 shares of the company’s stock after acquiring an additional 1,820 shares during the period. State of Alaska Department of Revenue’s holdings in Kyndryl were worth $615,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Kyndryl in the first quarter valued at about $26,000. ORG Wealth Partners LLC bought a new position in Kyndryl in the third quarter valued at approximately $29,000. ORG Partners LLC increased 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 worth $31,000 after purchasing an additional 1,220 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after purchasing an additional 462 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of Kyndryl by 60.2% in 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 during the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Price Performance

Shares of KD opened at $27.54 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.82. The company’s fifty day simple moving average is $23.68 and its 200 day simple moving average is $24.54. Kyndryl Holdings, Inc. has a 1-year low of $16.56 and a 1-year high of $28.60. The company has a market cap of $6.37 billion, a price-to-earnings ratio of -33.59, a PEG ratio of 5.66 and a beta of 1.63.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.06. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.73 billion. On average, research analysts forecast that Kyndryl Holdings, Inc. will post 0.81 earnings per share for the current fiscal 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.