Cerity Partners LLC Takes $206,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Cerity Partners LLC acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,903 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Kyndryl by 3.4% during the third quarter. Vanguard Group Inc. now owns 26,038,728 shares of the company’s stock worth $393,185,000 after purchasing an additional 844,205 shares in the last quarter. Deutsche Bank AG lifted its stake in Kyndryl by 1,266.6% during the 3rd quarter. Deutsche Bank AG now owns 4,865,411 shares of the company’s stock worth $73,468,000 after acquiring an additional 4,509,381 shares in the last quarter. Cooper Creek Partners Management LLC boosted its holdings in Kyndryl by 82.4% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 2,446,117 shares of the company’s stock valued at $36,936,000 after acquiring an additional 1,105,369 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Kyndryl by 1.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,068,425 shares of the company’s stock valued at $31,233,000 after acquiring an additional 20,550 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Kyndryl by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 2,036,088 shares of the company’s stock worth $30,745,000 after purchasing an additional 78,480 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KD. Evercore ISI raised shares of Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Monday, January 8th. Susquehanna upgraded shares of Kyndryl from a “neutral” rating to a “positive” rating and increased their target price for the stock from $19.00 to $27.00 in a report on Monday, February 12th.

Kyndryl Price Performance

Shares of NYSE KD opened at $19.84 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $4.57 billion, a price-to-earnings ratio of -4.38, a price-to-earnings-growth ratio of 5.49 and a beta of 1.55. The stock’s 50-day moving average is $21.34 and its two-hundred day moving average is $19.68. Kyndryl Holdings, Inc. has a 1-year low of $11.35 and a 1-year high of $22.90.

Kyndryl (NYSE:KD) last released its earnings results on Tuesday, February 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. Analysts forecast that Kyndryl Holdings, Inc. will post -0.57 EPS for the current fiscal year.

About Kyndryl

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.