Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its stake in Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,150 shares of the company’s stock after purchasing an additional 6,431 shares during the period. Corient Private Wealth LLC’s holdings in Kyndryl were worth $834,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its stake in shares of Kyndryl by 1,266.6% in the third quarter. Deutsche Bank AG now owns 4,865,411 shares of the company’s stock valued at $73,468,000 after purchasing an additional 4,509,381 shares during the period. Norges Bank purchased a new stake in shares of Kyndryl during the fourth quarter worth about $54,283,000. Hennessy Advisors Inc. acquired a new position in shares of Kyndryl in the fourth quarter worth about $28,992,000. Cooper Creek Partners Management LLC boosted its holdings in Kyndryl by 82.4% in the third quarter. Cooper Creek Partners Management LLC now owns 2,446,117 shares of the company’s stock valued at $36,936,000 after purchasing an additional 1,105,369 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Kyndryl by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 26,038,728 shares of the company’s stock valued at $393,185,000 after purchasing an additional 844,205 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Stock Down 1.7 %

Shares of NYSE:KD opened at $26.05 on Wednesday. Kyndryl Holdings, Inc. has a 1-year low of $11.92 and a 1-year high of $28.60. The company’s fifty day moving average is $23.29 and its two-hundred day moving average is $21.49. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of -17.48, a price-to-earnings-growth ratio of 6.12 and a beta of 1.70.

Kyndryl (NYSE:KDGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. Kyndryl had a negative net margin of 2.12% and a negative return on equity of 4.11%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company posted ($0.21) earnings per share. Kyndryl’s revenue was down 9.5% on a year-over-year basis. Equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KD. Scotiabank upped their target price on Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a research report on Monday, May 13th. Susquehanna raised their price objective on shares of Kyndryl from $27.00 to $33.00 and gave the stock a “positive” rating in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $28.50.

Read Our Latest Report on KD

About Kyndryl

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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