Kyndryl Holdings, Inc. $KD Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,331,302 shares of the company’s stock after acquiring an additional 144,625 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Kyndryl worth $752,479,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KD. AQR Capital Management LLC increased its stake in shares of Kyndryl by 386.2% during the third quarter. AQR Capital Management LLC now owns 4,187,177 shares of the company’s stock valued at $125,113,000 after acquiring an additional 3,326,025 shares during the period. Sound Shore Management Inc CT acquired a new position in shares of Kyndryl during the third quarter valued at approximately $61,113,000. UBS Group AG increased its stake in shares of Kyndryl by 50.0% during the third quarter. UBS Group AG now owns 2,028,338 shares of the company’s stock valued at $60,911,000 after acquiring an additional 675,943 shares during the period. Federated Hermes Inc. grew its position in Kyndryl by 1,167.1% in the third quarter. Federated Hermes Inc. now owns 691,496 shares of the company’s stock worth $20,766,000 after buying an additional 636,925 shares during the last quarter. Finally, Cortland Associates Inc. MO grew its position in Kyndryl by 39.2% in the third quarter. Cortland Associates Inc. MO now owns 2,105,082 shares of the company’s stock worth $63,216,000 after buying an additional 592,751 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Trading Down 0.2%

Kyndryl stock opened at $14.34 on Monday. The company has a 50 day moving average price of $12.98 and a 200 day moving average price of $20.62. Kyndryl Holdings, Inc. has a 52 week low of $10.10 and a 52 week high of $44.20. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 13.65 and a beta of 1.72.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Kyndryl had a return on equity of 25.91% and a net margin of 1.65%.The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business posted $0.51 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts forecast that Kyndryl Holdings, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

KD has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price target on the stock. in a research report on Monday, February 9th. Wall Street Zen upgraded shares of Kyndryl from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Weiss Ratings lowered shares of Kyndryl from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 18th. BMO Capital Markets initiated coverage on shares of Kyndryl in a research report on Monday, April 20th. They issued a “market perform” rating and a $15.00 price target on the stock. Finally, Guggenheim lowered shares of Kyndryl from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $22.79.

Kyndryl Company 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.