Point72 Asia Singapore Pte. Ltd. Acquires New Shares in Kyndryl Holdings, Inc. (NYSE:KD)

Point72 Asia Singapore Pte. Ltd. bought a new position in Kyndryl Holdings, Inc. (NYSE:KD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,485 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds have also recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in Kyndryl during the first quarter valued at approximately $26,000. ORG Partners LLC lifted its holdings in shares of Kyndryl by 622.4% during the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock valued at $31,000 after buying an additional 1,220 shares during the period. Headlands Technologies LLC boosted its stake in shares of Kyndryl by 60.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after buying an additional 554 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of Kyndryl in the first quarter worth $33,000. Finally, Fortis Group Advisors LLC increased its position in Kyndryl by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock valued at $33,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed coverage on Kyndryl in a research report on Thursday, June 27th. They issued an “outperform” rating and a $33.00 target price on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $29.40.

Kyndryl Stock Performance

Shares of NYSE KD opened at $22.98 on Tuesday. The stock has a market cap of $5.30 billion, a PE ratio of -15.42, a price-to-earnings-growth ratio of 5.32 and a beta of 1.64. Kyndryl Holdings, Inc. has a 1 year low of $13.87 and a 1 year high of $28.60. The firm has a fifty day moving average price of $23.79 and a 200-day moving average price of $24.03. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.03 and a quick ratio of 1.03.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.78 billion. Equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.89 earnings per share 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.