7,011 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Purchased by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. bought a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,011 shares of the company's stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also made changes to their positions in KD. FMR LLC grew its stake in 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 during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after acquiring an additional 2,033,549 shares in the last quarter. Deutsche Bank AG raised its position in shares of Kyndryl by 95.9% in the 4th quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after purchasing an additional 1,050,856 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Kyndryl by 180.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock worth $46,082,000 after purchasing an additional 856,629 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in Kyndryl in the 4th quarter worth approximately $26,085,000. 71.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KD shares. Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Susquehanna reduced their price objective on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Finally, Oppenheimer upped their target price on Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th.

Kyndryl Trading Up 0.6%

NYSE KD traded up $0.22 on Thursday, reaching $39.44. The stock had a trading volume of 1,104,562 shares, compared to its average volume of 2,014,916. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The stock has a fifty day moving average price of $33.77 and a two-hundred day moving average price of $35.36. Kyndryl Holdings, Inc. has a 12-month low of $21.34 and a 12-month high of $43.61. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 71.71, a P/E/G ratio of 10.84 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the business posted ($0.01) earnings per share. Kyndryl's revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

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.