Dakota Wealth Management Buys Shares of 41,566 Kyndryl Holdings, Inc. $KD

Dakota Wealth Management purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KDFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,566 shares of the company’s stock, valued at approximately $1,104,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KD. Royal Bank of Canada increased its position in Kyndryl by 50.2% during the first quarter. Royal Bank of Canada now owns 148,178 shares of the company’s stock worth $4,653,000 after buying an additional 49,504 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Kyndryl by 15.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,025 shares of the company’s stock worth $252,000 after buying an additional 1,093 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kyndryl by 1.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 733,068 shares of the company’s stock worth $23,018,000 after acquiring an additional 11,177 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Kyndryl by 4.2% during the 2nd quarter. Cetera Investment Advisers now owns 31,565 shares of the company’s stock valued at $1,324,000 after acquiring an additional 1,279 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Kyndryl by 0.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 582,601 shares of the company’s stock valued at $24,446,000 after acquiring an additional 4,507 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

KD has been the subject of several analyst reports. Wall Street Zen upgraded Kyndryl from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Weiss Ratings downgraded Kyndryl from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 18th. Morgan Stanley reduced their price objective on shares of Kyndryl from $28.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 24th. Susquehanna decreased their price objective on shares of Kyndryl from $35.00 to $16.00 and set a “positive” rating for the company in a report on Friday, February 13th. Finally, Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $25.60.

Get Our Latest Analysis on KD

Kyndryl Stock Up 0.2%

Shares of KD opened at $12.39 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day simple moving average of $15.83 and a 200-day simple moving average of $23.51. Kyndryl Holdings, Inc. has a 52 week low of $10.10 and a 52 week high of $44.20. The firm has a market capitalization of $2.79 billion, a P/E ratio of 11.80 and a beta of 1.93.

Kyndryl (NYSE:KDGet Free Report) last released its earnings results on Monday, February 9th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Kyndryl had a return on equity of 25.91% and a net margin of 1.65%.The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. On average, equities research analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

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Kyndryl Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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