Bayesian Capital Management LP Makes New $1.80 Million Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Bayesian Capital Management LP bought a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 52,100 shares of the company's stock, valued at approximately $1,803,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Kyndryl by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock worth $964,434,000 after purchasing an additional 79,575 shares during the last quarter. FMR LLC grew its stake in Kyndryl by 105.5% in the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after acquiring an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after acquiring an additional 2,033,549 shares during the period. GMT Capital Corp raised its stake in shares of Kyndryl by 16.4% during the fourth quarter. GMT Capital Corp now owns 2,973,560 shares of the company's stock valued at $102,885,000 after acquiring an additional 418,900 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Kyndryl by 39.9% in the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock valued at $81,177,000 after purchasing an additional 669,097 shares during the period. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Up 10.7 %

NYSE KD traded up $3.55 on Thursday, hitting $36.69. The stock had a trading volume of 4,552,314 shares, compared to its average volume of 2,037,796. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61. The business's fifty day moving average price is $32.43 and its 200 day moving average price is $33.72. 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 stock has a market cap of $8.54 billion, a price-to-earnings ratio of 66.70, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate 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 company's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. Equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KD shares. Susquehanna decreased their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research 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.

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.