Mercer Global Advisors Inc. ADV Acquires 3,495 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,526 shares of the company’s stock after purchasing an additional 3,495 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Kyndryl were worth $814,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Comerica Bank boosted its stake in Kyndryl by 9.8% during the fourth quarter. Comerica Bank now owns 851,880 shares of the company’s stock worth $29,475,000 after buying an additional 76,107 shares in the last quarter. Voleon Capital Management LP acquired a new stake in shares of Kyndryl during the 4th quarter valued at about $4,344,000. AQR Capital Management LLC increased its stake in Kyndryl by 60.5% in the fourth quarter. AQR Capital Management LLC now owns 1,747,662 shares of the company’s stock valued at $60,469,000 after acquiring an additional 658,866 shares during the period. Lido Advisors LLC bought a new position in Kyndryl during the fourth quarter worth about $234,000. Finally, Northern Trust Corp boosted its holdings in Kyndryl by 13.5% during the fourth quarter. Northern Trust Corp now owns 2,092,390 shares of the company’s stock valued at $72,397,000 after purchasing an additional 249,062 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Trading Up 1.4 %

KD stock opened at $37.13 on Friday. The business has a fifty day moving average price of $32.41 and a 200 day moving average price of $33.96. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $43.61. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 67.51, a P/E/G ratio of 10.84 and a beta of 1.91.

Kyndryl (NYSE:KD) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KD. Susquehanna dropped their target price on Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Oppenheimer lifted their price objective on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th.

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.