Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new position in Kyndryl Holdings, purchasing 40,048 shares valued at approximately $1.26 million during the first quarter.
• In the recent trading periods, institutional investors have significantly increased their stakes in Kyndryl, with 71.53% of the stock now owned by such investors.
• Kyndryl's stock has experienced fluctuations, with a one-year high of $44.20 and a low of $21.34, while its market capitalization stands at $8.74 billion.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 40,048 shares of the company's stock, valued at approximately $1,258,000.

Other hedge funds also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of Kyndryl by 22.4% during the 4th quarter. LPL Financial LLC now owns 99,506 shares of the company's stock worth $3,443,000 after buying an additional 18,198 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Kyndryl by 545.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,113 shares of the company's stock worth $861,000 after buying an additional 19,531 shares during the period. JPMorgan Chase & Co. raised its position in Kyndryl by 17.9% in the 4th quarter. JPMorgan Chase & Co. now owns 533,265 shares of the company's stock valued at $18,451,000 after purchasing an additional 81,148 shares during the last quarter. Norges Bank bought a new position in Kyndryl in the 4th quarter valued at $14,323,000. Finally, Pictet Asset Management Holding SA raised its position in Kyndryl by 12.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 39,128 shares of the company's stock valued at $1,354,000 after purchasing an additional 4,379 shares during the last quarter. Institutional investors own 71.53% of the company's stock.

Kyndryl Trading Down 3.6%

Shares of NYSE KD traded down $1.37 during midday trading on Friday, hitting $36.40. The stock had a trading volume of 1,763,120 shares, compared to its average volume of 1,578,762. The company's 50-day simple moving average is $40.08 and its 200 day simple moving average is $37.25. The firm has a market cap of $8.42 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 3.95 and a beta of 1.91. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $44.20. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.07 and a quick ratio of 1.07.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same period last year, the firm earned ($0.01) EPS. The business's revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on KD. Susquehanna cut their price objective on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Oppenheimer lifted their target price on Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th.

Insiders Place Their Bets

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the transaction, the senior vice president directly owned 73,278 shares in the company, valued at approximately $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

Kyndryl Company 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.