140,435 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 140,435 shares of the company's stock, valued at approximately $4,859,000. First Manhattan CO. LLC. owned about 0.06% of Kyndryl at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Kyndryl in the 4th quarter valued at $255,000. Dakota Wealth Management bought a new stake in shares of Kyndryl during the 4th quarter worth $1,221,000. Harbor Capital Advisors Inc. acquired a new stake in Kyndryl in the fourth quarter valued at about $2,775,000. Sky Investment Group LLC grew its position in Kyndryl by 11.7% in the fourth quarter. Sky Investment Group LLC now owns 88,335 shares of the company's stock valued at $3,056,000 after acquiring an additional 9,240 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Kyndryl during the fourth quarter worth about $5,309,000. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Up 5.5%

Shares of Kyndryl stock traded up $2.15 on Tuesday, hitting $41.17. The company had a trading volume of 2,928,049 shares, compared to its average volume of 2,030,455. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average of $32.45 and a 200-day moving average of $34.13. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 74.85, a P/E/G ratio of 10.84 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The firm had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter last year, the firm earned ($0.01) EPS. The company's quarterly revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on KD. Oppenheimer increased their price objective on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Tuesday. Susquehanna dropped their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd.

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.