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

Creative Planning increased its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,999 shares of the company’s stock after buying an additional 1,384 shares during the quarter. Creative Planning’s holdings in Kyndryl were worth $988,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after buying an additional 422 shares during the last quarter. Simplicity Wealth LLC lifted its position in Kyndryl by 3.0% during the second quarter. Simplicity Wealth LLC now owns 15,745 shares of the company’s stock valued at $414,000 after purchasing an additional 454 shares during the period. UMB Bank n.a. lifted its position in Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after purchasing an additional 462 shares during the period. Silverberg Bernstein Capital Management LLC lifted its position in Kyndryl by 1.4% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company’s stock valued at $828,000 after purchasing an additional 480 shares during the period. Finally, Wedmont Private Capital lifted its position in Kyndryl by 4.0% during the third quarter. Wedmont Private Capital now owns 13,086 shares of the company’s stock valued at $307,000 after purchasing an additional 503 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Trading Up 0.3 %

NYSE KD opened at $22.97 on Friday. The company has a market capitalization of $5.31 billion, a PE ratio of -27.96, a P/E/G ratio of 5.84 and a beta of 1.63. The company has a fifty day moving average of $23.63 and a 200 day 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.

Kyndryl (NYSE:KD) last posted its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company 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%. Research analysts forecast that Kyndryl Holdings, Inc. will post 0.81 earnings per share for the current year.

Kyndryl 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.