Kyndryl Holdings, Inc. $KD Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 10.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,917,036 shares of the company’s stock after purchasing an additional 186,620 shares during the quarter. Royce & Associates LP’s holdings in Kyndryl were worth $50,916,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Kyndryl by 0.5% in 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. Dimensional Fund Advisors LP grew its position in Kyndryl by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,607,829 shares of the company’s stock worth $138,375,000 after purchasing an additional 180,237 shares during the last quarter. AQR Capital Management LLC grew its position in Kyndryl by 386.2% during the 3rd quarter. AQR Capital Management LLC now owns 4,187,177 shares of the company’s stock worth $125,113,000 after purchasing an additional 3,326,025 shares during the last quarter. Zimmer Partners LP lifted its stake in shares of Kyndryl by 7.4% in the 3rd quarter. Zimmer Partners LP now owns 2,227,904 shares of the company’s stock worth $66,904,000 after acquiring an additional 153,247 shares during the period. Finally, UBS Group AG lifted its stake in shares of Kyndryl by 1.4% in the 4th quarter. UBS Group AG now owns 2,056,198 shares of the company’s stock worth $54,613,000 after acquiring an additional 27,860 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Stock Down 0.1%

Shares of NYSE:KD opened at $12.28 on Tuesday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 14.44 and a beta of 1.72. Kyndryl Holdings, Inc. has a 1-year low of $10.10 and a 1-year high of $44.20. The company’s fifty day moving average is $12.84 and its two-hundred day moving average is $18.91. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.86 and a current ratio of 0.86.

Kyndryl (NYSE:KD) last released its quarterly 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 firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.74 billion. Kyndryl had a return on equity of 20.29% and a net margin of 1.31%.The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. Equities analysts anticipate that Kyndryl Holdings, Inc. will post 1.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KD. Weiss Ratings cut shares of Kyndryl from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 18th. JPMorgan Chase & Co. cut shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 target price for the company. in a research report on Monday, February 9th. BMO Capital Markets initiated coverage on Kyndryl in a research note on Monday, April 20th. They issued a “market perform” rating and a $15.00 target price for the company. Zacks Research downgraded shares of Kyndryl from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Finally, Scotiabank lowered their target price on shares of Kyndryl from $16.50 to $15.00 and set a “sector perform” rating for the company in a report on Friday, May 8th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $22.14.

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.