Sei Investments Co. Has $3.40 Million Position in Kyndryl Holdings, Inc. $KD

Sei Investments Co. lessened its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 12.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,095 shares of the company’s stock after selling 36,112 shares during the quarter. Sei Investments Co. owned 0.11% of Kyndryl worth $3,399,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new position in shares of Kyndryl during the 4th quarter worth about $29,000. Quarry LP bought a new stake in Kyndryl in the fourth quarter valued at about $31,000. NBT Bank N A NY raised its position in Kyndryl by 3,220.0% in the fourth quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock worth $35,000 after purchasing an additional 1,288 shares in the last quarter. NFSG Corp raised its position in Kyndryl by 177.2% in the first quarter. NFSG Corp now owns 2,830 shares of the company’s stock worth $37,000 after purchasing an additional 1,809 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Kyndryl during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

NYSE:KD opened at $14.05 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.85 and a debt-to-equity ratio of 1.96. The firm has a market cap of $3.10 billion, a PE ratio of 37.97 and a beta of 1.65. Kyndryl Holdings, Inc. has a 12 month low of $10.10 and a 12 month high of $33.90. The company’s 50-day moving average price is $12.16 and its two-hundred day moving average price is $13.65.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.04. Kyndryl had a net margin of 0.58% and a return on equity of 12.24%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $0.37 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. On average, equities analysts anticipate that Kyndryl Holdings, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 price objective on shares of Kyndryl in a report on Thursday. Zacks Research upgraded Kyndryl from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Scotiabank cut their target price on Kyndryl from $16.50 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, May 8th. Wall Street Zen lowered Kyndryl from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut Kyndryl from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $16.83.

Kyndryl Profile

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.