190,000 Shares in Kyndryl Holdings, Inc. $KD Bought by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 190,000 shares of the company’s stock, valued at approximately $5,046,000. Kyndryl makes up approximately 1.8% of AYAL Capital Advisors Ltd’s holdings, making the stock its 16th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Kyndryl by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 28,331,302 shares of the company’s stock valued at $752,479,000 after buying an additional 144,625 shares in the last quarter. AQR Capital Management LLC increased its position in Kyndryl by 53.9% during the 4th quarter. AQR Capital Management LLC now owns 6,443,037 shares of the company’s stock valued at $170,934,000 after buying an additional 2,255,860 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Kyndryl by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,443 shares of the company’s stock valued at $124,420,000 after buying an additional 76,614 shares in the last quarter. Geode Capital Management LLC increased its position in Kyndryl by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,456,962 shares of the company’s stock valued at $118,997,000 after buying an additional 63,846 shares in the last quarter. Finally, Sound Shore Management Inc. CT increased its position in Kyndryl by 46.1% during the 4th quarter. Sound Shore Management Inc. CT now owns 2,974,223 shares of the company’s stock valued at $78,995,000 after buying an additional 939,154 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Kyndryl from $28.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kyndryl in a research report on Monday. Scotiabank reduced their target price on Kyndryl from $16.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday, May 8th. BMO Capital Markets started coverage on Kyndryl in a research report on Monday, April 20th. They set a “market perform” rating and a $15.00 target price on the stock. Finally, Wall Street Zen lowered Kyndryl from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $22.14.

Kyndryl Stock Down 4.9%

Kyndryl stock opened at $11.44 on Thursday. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 13.46 and a beta of 1.66. Kyndryl Holdings, Inc. has a 52 week low of $10.10 and a 52 week high of $44.20. The business’s 50-day moving average price is $12.57 and its 200 day moving average price is $17.32. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.77.

Kyndryl (NYSE:KD) last posted its earnings results on Wednesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.25). The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.74 billion. Kyndryl had a return on equity of 20.43% and a net margin of 1.31%.The firm’s revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. As a group, sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 1.59 earnings per share for the current year.

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.