Deutsche Bank AG Purchases 1,050,856 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Deutsche Bank AG lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 95.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,147,009 shares of the company's stock after buying an additional 1,050,856 shares during the quarter. Deutsche Bank AG owned about 0.92% of Kyndryl worth $74,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KD. Bessemer Group Inc. grew its position in shares of Kyndryl by 9.4% during the 4th quarter. Bessemer Group Inc. now owns 2,881 shares of the company's stock worth $99,000 after purchasing an additional 247 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after buying an additional 297 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Kyndryl by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company's stock worth $1,037,000 after buying an additional 312 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Kyndryl by 0.7% during 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 acquiring an additional 332 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in Kyndryl by 19.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company's stock valued at $78,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

KD has been the subject of several analyst reports. Oppenheimer boosted 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. Susquehanna lowered their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd.

Kyndryl Price Performance

Shares of KD stock traded down $0.29 on Friday, hitting $40.44. 1,509,888 shares of the company's stock were exchanged, compared to its average volume of 2,025,929. The company has a 50 day moving average of $32.81 and a 200 day moving average of $34.35. The stock has a market cap of $9.41 billion, a P/E ratio of 73.52, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a 12 month low of $21.34 and a 12 month high of $43.61.

Kyndryl (NYSE:KD - Get Free Report) last issued its 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 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 the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business's quarterly revenue was down 1.3% on a year-over-year basis. On average, equities research analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

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.