132,716 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by Trexquant Investment LP

Trexquant Investment LP bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 132,716 shares of the company’s stock, valued at approximately $2,758,000. Trexquant Investment LP owned 0.06% of Kyndryl as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. boosted its holdings in Kyndryl by 100.3% during the third quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock worth $46,000 after purchasing an additional 1,517 shares during the last quarter. Huntington National Bank lifted its position in shares of Kyndryl by 32.9% during the 3rd quarter. Huntington National Bank now owns 3,714 shares of the company’s stock valued at $56,000 after acquiring an additional 919 shares during the period. Systematic Alpha Investments LLC purchased a new stake in shares of Kyndryl in the third quarter valued at about $73,000. RIA Advisory Group LLC bought a new position in Kyndryl during the fourth quarter valued at about $138,000. Finally, Cerity Partners LLC purchased a new stake in Kyndryl in the fourth quarter valued at approximately $206,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Down 0.3 %

NYSE:KD traded down $0.08 during trading hours on Friday, hitting $27.36. The company had a trading volume of 1,380,757 shares, compared to its average volume of 2,452,985. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03. The company has a 50-day moving average of $22.48 and a 200 day moving average of $20.91. Kyndryl Holdings, Inc. has a 1 year low of $11.92 and a 1 year high of $28.60.

Kyndryl (NYSE:KD) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Kyndryl had a negative return on equity of 4.01% and a negative net margin of 2.12%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) EPS. On average, analysts expect that Kyndryl Holdings, Inc. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

KD has been the topic of a number of research reports. Scotiabank boosted their target price on shares of Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a report on Monday, May 13th. Susquehanna increased their price target on Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, May 9th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $28.50.

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.