7,115 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Purchased by Forum Financial Management LP

Forum Financial Management LP purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,115 shares of the company's stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KD. Marshall & Sterling Wealth Advisors Inc. bought a new position in Kyndryl in the 4th quarter worth $30,000. True Wealth Design LLC raised its holdings in Kyndryl by 150.6% in the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after purchasing an additional 524 shares during the period. Millstone Evans Group LLC bought a new position in Kyndryl in the 4th quarter worth $35,000. Picton Mahoney Asset Management bought a new position in Kyndryl in the 4th quarter worth $38,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Kyndryl by 35.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after purchasing an additional 297 shares during the period. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KD has been the topic of a number of recent analyst reports. Susquehanna decreased their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Oppenheimer raised their price target on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th.

Kyndryl Price Performance

Shares of Kyndryl stock traded up $0.11 during trading on Monday, reaching $39.15. 1,925,512 shares of the stock traded hands, compared to its average volume of 2,016,122. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 71.19, a P/E/G ratio of 10.84 and a beta of 1.91. The business has a fifty day simple moving average of $33.95 and a two-hundred day simple moving average of $35.61. 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 52-week low of $21.34 and a 52-week high of $43.61.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. The firm 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 business's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. Sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

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.