Universal Beteiligungs und Servicegesellschaft mbH Takes $1.26 Million 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 shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 40,048 shares of the company's stock, valued at approximately $1,258,000.

Several other large investors have also modified their holdings of the stock. FMR LLC boosted its stake in shares of 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 acquiring an additional 6,371,541 shares in the last quarter. GMT Capital Corp boosted its stake in shares of Kyndryl by 16.4% during the 4th quarter. GMT Capital Corp now owns 2,973,560 shares of the company's stock worth $102,885,000 after acquiring an additional 418,900 shares in the last quarter. Invesco Ltd. boosted its stake in shares of 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 acquiring an additional 669,097 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Kyndryl by 95.9% in the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock worth $74,287,000 after buying an additional 1,050,856 shares during the period. Finally, Cortland Associates Inc. MO boosted its position in shares of Kyndryl by 0.4% in the first quarter. Cortland Associates Inc. MO now owns 2,131,738 shares of the company's stock worth $66,937,000 after buying an additional 8,017 shares during the period. 71.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the firm's 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 $2,868,100.92. This trade represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Kyndryl Stock Down 19.0%

Shares of NYSE:KD traded down $6.98 during midday trading on Tuesday, hitting $29.72. 10,787,523 shares of the stock were exchanged, compared to its average volume of 2,207,422. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.07 and a current ratio of 1.07. Kyndryl Holdings, Inc. has a 52-week low of $21.64 and a 52-week high of $44.20. The business's fifty day simple moving average is $40.04 and its two-hundred day simple moving average is $37.23. The company has a market capitalization of $6.88 billion, a PE ratio of 28.78, a P/E/G ratio of 3.95 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company earned $0.13 earnings per share. Kyndryl's quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KD has been the subject of several recent analyst reports. Susquehanna decreased their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Oppenheimer raised their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th.

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.