Fidelity D & D Bancorp Inc. Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Fidelity D & D Bancorp Inc. purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,011 shares of the company's stock, valued at approximately $243,000.

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

Kyndryl Stock Down 2.4%

NYSE:KD traded down $0.96 during mid-day trading on Friday, reaching $38.48. The stock had a trading volume of 596,693 shares, compared to its average volume of 2,308,301. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 69.98, a price-to-earnings-growth 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 stock's 50 day simple moving average is $33.77 and its two-hundred day simple moving average is $35.36.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share 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 business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the business earned ($0.01) EPS. The business's quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

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

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.