7,194 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC 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 (SEC). The institutional investor purchased 7,194 shares of the company's stock, valued at approximately $249,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Mediolanum International Funds Ltd bought a new position in Kyndryl during the 4th quarter worth about $16,856,000. American Century Companies Inc. grew its holdings in Kyndryl by 15.1% during the 4th quarter. American Century Companies Inc. now owns 372,642 shares of the company's stock worth $12,893,000 after acquiring an additional 48,809 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Kyndryl during the 4th quarter worth about $515,000. Barclays PLC grew its holdings in Kyndryl by 49.2% during the 3rd quarter. Barclays PLC now owns 255,958 shares of the company's stock worth $5,882,000 after acquiring an additional 84,347 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in Kyndryl during the 4th quarter worth about $327,000. 71.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on KD. 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 report on Wednesday, April 23rd. Oppenheimer increased their price target on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th.

Kyndryl Stock Down 2.4%

Shares of KD stock traded down $0.95 during mid-day trading on Friday, hitting $38.50. 514,039 shares of the stock traded hands, compared to its average volume of 2,009,087. The stock has a market cap of $8.96 billion, a P/E ratio of 69.96, a P/E/G ratio of 10.84 and a beta of 1.91. The stock's fifty day moving average is $33.77 and its two-hundred day moving average is $35.36. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61. 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 (NYSE:KD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The company's quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share. Equities analysts predict 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.