BNP Paribas Financial Markets Invests $2.65 Million in Kyndryl Holdings, Inc. (NYSE:KD)

BNP Paribas Financial Markets purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 76,448 shares of the company's stock, valued at approximately $2,645,000.

Several other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. raised its position in shares of Kyndryl by 9.4% in the fourth quarter. Bessemer Group Inc. now owns 2,881 shares of the company's stock worth $99,000 after acquiring an additional 247 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Kyndryl by 35.9% in the 4th 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Kyndryl by 0.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company's stock worth $1,775,000 after purchasing an additional 332 shares during the period. Brown Brothers Harriman & Co. boosted its position in Kyndryl by 19.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company's stock worth $78,000 after purchasing an additional 370 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Kyndryl by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company's stock worth $2,232,000 after purchasing an additional 400 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Price Performance

Shares of KD traded up $0.07 during mid-day trading on Thursday, hitting $39.42. 106,872 shares of the company were exchanged, compared to its average volume of 2,017,444. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 71.69, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 1-year low of $21.34 and a 1-year high of $43.61. The company has a 50 day moving average of $33.26 and a 200-day moving average of $34.80. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 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 company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business earned ($0.01) EPS. Kyndryl's quarterly revenue was down 1.3% on a year-over-year basis. Analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Kyndryl 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.