Teachers Retirement System of The State of Kentucky Trims Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,815 shares of the company’s stock after selling 2,020 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Kyndryl were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Kyndryl by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after buying an additional 63,997 shares in the last quarter. Barclays PLC boosted its position in Kyndryl by 49.2% during the third quarter. Barclays PLC now owns 255,958 shares of the company’s stock worth $5,882,000 after acquiring an additional 84,347 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Kyndryl by 2.6% during the third quarter. Public Employees Retirement System of Ohio now owns 91,839 shares of the company’s stock worth $2,110,000 after acquiring an additional 2,347 shares during the last quarter. Zimmer Partners LP grew its stake in Kyndryl by 1.9% in the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after acquiring an additional 49,738 shares during the period. Finally, National Bank of Canada FI raised its holdings in Kyndryl by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock valued at $15,096,000 after acquiring an additional 165,481 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KD. Susquehanna lifted their price objective on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, November 22nd. Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Finally, Oppenheimer increased their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $33.00.

Kyndryl Price Performance

KD opened at $35.39 on Wednesday. Kyndryl Holdings, Inc. has a 52-week low of $18.81 and a 52-week high of $36.43. The company has a 50 day moving average of $28.71 and a two-hundred day moving average of $26.09. The company has a market cap of $8.22 billion, a P/E ratio of -90.74, a P/E/G ratio of 8.62 and a beta of 1.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65.

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.