Baird Financial Group Inc. Invests $262,000 in Kyndryl Holdings, Inc. (NYSE:KD)

Baird Financial Group Inc. bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,581 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors have also recently added to or reduced their stakes in KD. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Kyndryl in the fourth quarter worth $30,000. Millstone Evans Group LLC purchased a new stake in Kyndryl during the 4th quarter worth $35,000. Picton Mahoney Asset Management acquired a new stake in Kyndryl in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC raised its position in Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after purchasing an additional 297 shares during the period. Finally, Sandy Spring Bank lifted its stake in shares of Kyndryl by 41.2% during the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock worth $52,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Up 0.1%

KD traded up $0.06 during trading hours on Thursday, reaching $39.41. 106,872 shares of the stock traded hands, compared to its average volume of 2,017,444. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $43.61. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 71.69, a PEG ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm's fifty day simple moving average is $33.26 and its two-hundred day simple moving average is $34.80.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KD shares. Susquehanna lowered their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer upped their price target on Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th.

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.