Cookson Peirce & Co. Inc. Takes $8.32 Million Position in Kyndryl Holdings, Inc. (NYSE:KD)

Key Points

• Cookson Peirce & Co. Inc. has acquired an $8.32 million stake in Kyndryl Holdings, Inc., purchasing approximately 264,943 shares during the first quarter.
• Deutsche Bank AG significantly increased its investment in Kyndryl by 95.9%, now holding over $74 million worth of shares.
• Analysts have differing views on Kyndryl's stock, with Oppenheimer raising the target price to $55 while Susquehanna lowered their price target to $43.

Cookson Peirce & Co. Inc. bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 264,943 shares of the company's stock, valued at approximately $8,319,000. Cookson Peirce & Co. Inc. owned approximately 0.11% of Kyndryl as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG lifted its position in Kyndryl by 95.9% during the 4th 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. Nuveen LLC bought a new stake in Kyndryl during the 1st quarter worth about $30,466,000. D. E. Shaw & Co. Inc. increased its stake in shares of Kyndryl by 180.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock valued at $46,082,000 after acquiring an additional 856,629 shares during the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of Kyndryl in the 4th quarter valued at about $26,085,000. Finally, AQR Capital Management LLC increased its stake in shares of Kyndryl by 60.5% in the 4th quarter. AQR Capital Management LLC now owns 1,747,662 shares of the company's stock valued at $60,469,000 after acquiring an additional 658,866 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Oppenheimer increased their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Susquehanna reduced their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction on 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 completion of the sale, the senior vice president owned 73,278 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Kyndryl Stock Up 3.2%

KD opened at $30.56 on Thursday. Kyndryl Holdings, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $7.06 billion, a P/E ratio of 25.26, a P/E/G ratio of 3.22 and a beta of 1.91. The stock has a fifty day moving average of $38.71 and a 200-day moving average of $36.81.

Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The company's revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

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.

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