Yousif Capital Management LLC Lowers Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Yousif Capital Management LLC lessened its position in Kyndryl Holdings, Inc. (NYSE:KD) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,341 shares of the company’s stock after selling 5,082 shares during the quarter. Yousif Capital Management LLC’s holdings in Kyndryl were worth $2,418,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KD. Vanguard Group Inc. increased 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 during the period. Deutsche Bank AG boosted its position in Kyndryl by 1,266.6% in the 3rd quarter. Deutsche Bank AG now owns 4,865,411 shares of the company’s stock valued at $73,468,000 after buying an additional 4,509,381 shares during the period. Cooper Creek Partners Management LLC grew its stake in shares of Kyndryl by 82.4% in the third quarter. Cooper Creek Partners Management LLC now owns 2,446,117 shares of the company’s stock worth $36,936,000 after acquiring an additional 1,105,369 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Kyndryl by 1.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,068,425 shares of the company’s stock worth $31,233,000 after acquiring an additional 20,550 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Kyndryl by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 2,036,088 shares of the company’s stock valued at $30,745,000 after acquiring an additional 78,480 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Up 1.8 %

Shares of KD opened at $19.84 on Tuesday. The firm has a fifty day moving average price of $21.34 and a 200 day moving average price of $19.68. Kyndryl Holdings, Inc. has a 1-year low of $11.35 and a 1-year high of $22.90. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.94 and a quick ratio of 0.94.

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

Wall Street Analysts Forecast Growth

KD has been the topic of several recent research reports. Evercore ISI upgraded Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, January 8th. Susquehanna upgraded Kyndryl from a “neutral” rating to a “positive” rating and raised their price target for the company from $19.00 to $27.00 in a research note on Monday, February 12th.

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.