89,244 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 89,244 shares of the company's stock, valued at approximately $3,087,000.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC raised 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 buying an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after buying an additional 2,033,549 shares in the last quarter. Deutsche Bank AG increased its position in Kyndryl by 95.9% during 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 in the last quarter. D. E. Shaw & Co. Inc. increased its position in Kyndryl by 180.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock worth $46,082,000 after buying an additional 856,629 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Kyndryl during the fourth quarter worth $26,085,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Price Performance

NYSE KD opened at $39.36 on Friday. The stock has a market capitalization of $9.16 billion, a P/E ratio of 71.56, a P/E/G ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $43.61. The business's fifty day moving average is $33.34 and its two-hundred day moving average is $34.91. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on KD shares. Susquehanna reduced their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Oppenheimer lifted their target price on Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th.

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.

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