D. E. Shaw & Co. Inc. Increases Stake in Kyndryl Holdings, Inc. (NYSE:KD)

D. E. Shaw & Co. Inc. grew its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 180.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,331,851 shares of the company's stock after purchasing an additional 856,629 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.57% of Kyndryl worth $46,082,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KD. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Kyndryl in the 4th quarter valued at $30,000. Millstone Evans Group LLC bought a new stake in shares of Kyndryl during the fourth quarter worth approximately $35,000. Picton Mahoney Asset Management bought a new stake in shares of Kyndryl in the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC raised its position in Kyndryl by 35.9% during the fourth 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. Finally, Sandy Spring Bank increased its holdings in shares of Kyndryl by 41.2% during the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock worth $52,000 after buying an additional 442 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Performance

Shares of KD traded down $0.58 during mid-day trading on Thursday, hitting $40.64. 1,075,744 shares of the company traded hands, compared to its average volume of 2,023,664. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 73.87, a P/E/G 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 stock has a 50-day moving average price of $32.67 and a two-hundred day moving average price of $34.23. 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 results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted ($0.01) EPS. The firm's revenue was down 1.3% compared to the same quarter last year. Equities 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 research firms have recently issued reports on KD. Susquehanna cut their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer raised their price objective on shares of 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.