Kyndryl Holdings, Inc. (NYSE:KD) is DME Capital Management LP's 4th Largest Position

DME Capital Management LP trimmed its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,762,442 shares of the company's stock after selling 1,161,907 shares during the period. Kyndryl accounts for about 6.7% of DME Capital Management LP's investment portfolio, making the stock its 4th biggest holding. DME Capital Management LP owned about 1.62% of Kyndryl worth $130,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC purchased a new position in shares of Kyndryl during the fourth quarter valued at approximately $255,000. Dakota Wealth Management purchased a new stake in Kyndryl during the 4th quarter valued at about $1,221,000. Harbor Capital Advisors Inc. purchased a new stake in Kyndryl during the 4th quarter valued at about $2,775,000. Sky Investment Group LLC grew its position in Kyndryl by 11.7% during the 4th quarter. Sky Investment Group LLC now owns 88,335 shares of the company's stock valued at $3,056,000 after purchasing an additional 9,240 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Kyndryl during the 4th quarter valued at about $5,309,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KD shares. Susquehanna decreased their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer boosted their price target on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th.

Kyndryl Price Performance

NYSE KD traded up $1.61 during trading hours on Tuesday, reaching $40.63. The company's stock had a trading volume of 1,391,496 shares, compared to its average volume of 2,030,413. The firm's 50-day moving average price is $32.45 and its 200-day moving average price is $34.13. 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 Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $43.61. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 73.87, a PEG ratio of 10.84 and a beta of 1.91.

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

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.