Algert Global LLC Buys 11,519 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Algert Global LLC raised its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 34.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 45,166 shares of the company’s stock after purchasing an additional 11,519 shares during the period. Algert Global LLC’s holdings in Kyndryl were worth $1,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KD. Barclays PLC increased its holdings in Kyndryl by 49.2% in the 3rd quarter. Barclays PLC now owns 255,958 shares of the company’s stock worth $5,882,000 after acquiring an additional 84,347 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Kyndryl by 15.1% in the third quarter. Franklin Resources Inc. now owns 90,068 shares of the company’s stock worth $2,237,000 after purchasing an additional 11,786 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Kyndryl by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock valued at $104,000 after purchasing an additional 580 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Kyndryl by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock valued at $1,037,000 after buying an additional 312 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Kyndryl during the 4th quarter valued at $2,775,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Trading Up 1.4 %

Shares of KD stock opened at $37.13 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 67.51, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 12-month low of $21.34 and a 12-month high of $43.61. The stock’s 50-day moving average price is $32.41 and its 200-day moving average price is $33.80.

Kyndryl (NYSE:KD) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities research analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KD shares. Susquehanna decreased their price target on Kyndryl from $46.00 to $43.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Oppenheimer upped their price target on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Company Profile

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.