Captrust Financial Advisors Increases Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Captrust Financial Advisors lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 59.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the company's stock after acquiring an additional 8,377 shares during the period. Captrust Financial Advisors' holdings in Kyndryl were worth $778,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KD. Bessemer Group Inc. grew its holdings in shares of Kyndryl by 9.4% during the fourth quarter. Bessemer Group Inc. now owns 2,881 shares of the company's stock valued at $99,000 after buying an additional 247 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after acquiring an additional 297 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position 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 in the last quarter. Brown Brothers Harriman & Co. grew its position in Kyndryl by 19.6% in the 4th 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 grew its position in Kyndryl by 0.6% in the 4th 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. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Price Performance

NYSE:KD traded up $0.17 during mid-day trading on Thursday, hitting $39.52. 140,828 shares of the stock traded hands, compared to its average volume of 2,017,597. The business's 50-day moving average price is $33.26 and its 200 day moving average price is $34.80. The company has a market cap of $9.20 billion, a PE ratio of 71.69, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 12-month low of $21.34 and a 12-month high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Susquehanna dropped their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note 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.