Caxton Associates LP Makes New $492,000 Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Caxton Associates LP purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,226 shares of the company's stock, valued at approximately $492,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Baird Financial Group Inc. bought a new stake in Kyndryl in the fourth quarter worth $262,000. Bastion Asset Management Inc. purchased a new position in shares of Kyndryl during the fourth quarter valued at approximately $10,474,000. Bayesian Capital Management LP purchased a new position in shares of Kyndryl during the fourth quarter valued at approximately $1,803,000. Benjamin Edwards Inc. bought a new position in Kyndryl in the fourth quarter valued at about $264,000. Finally, BNP Paribas Financial Markets bought a new position in Kyndryl in the fourth quarter valued at about $2,645,000. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Up 3.6%

Shares of Kyndryl stock traded up $1.40 during trading on Tuesday, hitting $40.42. 767,274 shares of the stock traded hands, compared to its average volume of 2,027,868. 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 stock's fifty day simple moving average is $32.45 and its 200 day simple moving average is $34.13. The firm has a market cap of $9.41 billion, a P/E ratio of 73.49, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KD. Oppenheimer upped their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Susquehanna decreased their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd.

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.