Benjamin Edwards Inc. Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Benjamin Edwards Inc. purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,627 shares of the company's stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in shares of Kyndryl during the fourth quarter valued at approximately $2,645,000. Algert Global LLC boosted its stake in shares of Kyndryl by 34.2% during the fourth quarter. Algert Global LLC now owns 45,166 shares of the company's stock valued at $1,563,000 after purchasing an additional 11,519 shares during the period. Anderson Financial Strategies LLC purchased a new stake in shares of Kyndryl during the fourth quarter valued at approximately $75,000. Maple Rock Capital Partners Inc. purchased a new stake in Kyndryl in the fourth quarter worth $26,085,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Kyndryl by 17.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 23,526 shares of the company's stock worth $814,000 after acquiring an additional 3,495 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Stock Down 1.2%

KD traded down $0.48 during trading on Thursday, reaching $40.73. The stock had a trading volume of 2,068,842 shares, compared to its average volume of 2,027,437. The stock's 50 day moving average is $32.67 and its two-hundred day moving average is $34.23. 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 company has a market capitalization of $9.48 billion, a price-to-earnings ratio of 74.05, a P/E/G ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a one year low of $21.34 and a one year high of $43.61.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. 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. Oppenheimer increased their price objective on Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a report on Tuesday.

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.