Canada Pension Plan Investment Board Has $4.04 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Canada Pension Plan Investment Board boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 69.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,400 shares of the company’s stock after buying an additional 63,000 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.07% of Kyndryl worth $4,036,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Kyndryl during the fourth quarter worth $54,283,000. Corient Private Wealth LLC raised its holdings in shares of Kyndryl by 19.1% during the fourth quarter. Corient Private Wealth LLC now owns 40,150 shares of the company’s stock worth $834,000 after acquiring an additional 6,431 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Kyndryl by 10.2% during the fourth quarter. United Services Automobile Association now owns 16,466 shares of the company’s stock worth $342,000 after acquiring an additional 1,526 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Kyndryl by 9.4% during the fourth quarter. Allianz Asset Management GmbH now owns 692,157 shares of the company’s stock worth $14,383,000 after acquiring an additional 59,737 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Kyndryl by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 100,713 shares of the company’s stock worth $2,093,000 after acquiring an additional 990 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

NYSE KD opened at $22.70 on Thursday. Kyndryl Holdings, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $28.60. The stock’s 50-day moving average is $23.96 and its two-hundred day moving average is $24.01. 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 firm has a market cap of $5.25 billion, a P/E ratio of -15.23, a price-to-earnings-growth ratio of 5.32 and a beta of 1.64.

Kyndryl (NYSE:KD) last posted its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.78 billion. On average, analysts anticipate that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer started coverage on Kyndryl in a report on Thursday, June 27th. They set an “outperform” rating and a $33.00 price objective for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $29.40.

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.