Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 3,299.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,793 shares of the company's stock after buying an additional 23,093 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Kyndryl were worth $823,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its position in Kyndryl by 105.5% during the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after purchasing an additional 6,371,541 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Kyndryl by 123.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after purchasing an additional 2,033,549 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new stake in Kyndryl during the 4th quarter worth approximately $26,085,000. Invesco Ltd. grew its position in Kyndryl by 39.9% during the 4th quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock worth $81,177,000 after purchasing an additional 669,097 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Kyndryl by 60.5% during the 4th quarter. AQR Capital Management LLC now owns 1,747,662 shares of the company's stock worth $60,469,000 after purchasing an additional 658,866 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Performance

Shares of KD stock traded down $0.29 during trading hours on Friday, hitting $40.44. The company's stock had a trading volume of 1,509,888 shares, compared to its average volume of 2,026,763. The company has a 50 day moving average of $32.93 and a 200 day moving average of $34.53. The stock has a market cap of $9.41 billion, a PE ratio of 73.52, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. 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 released its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the firm earned ($0.01) EPS. The business's revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Susquehanna dropped their target price 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 upped their price objective on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a report on Tuesday.

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.