Kyndryl Holdings, Inc. (NYSE:KD) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 4,425.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,711 shares of the company's stock after acquiring an additional 132,712 shares during the quarter. GAMMA Investing LLC owned 0.06% of Kyndryl worth $4,322,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Kyndryl by 105.5% in the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after purchasing an additional 6,371,541 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Kyndryl by 123.3% in 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 during the period. Deutsche Bank AG lifted its stake in Kyndryl by 95.9% in the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after buying an additional 1,050,856 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Kyndryl by 180.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock valued at $46,082,000 after buying an additional 856,629 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new position in shares of Kyndryl during the fourth quarter valued at $26,085,000. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KD has been the topic of a number of analyst reports. Susquehanna dropped their price objective 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 raised their price target on shares of 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 cut Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th.

Kyndryl Stock Performance

Shares of KD traded down $0.24 during trading hours on Thursday, reaching $40.13. 1,146,986 shares of the company's stock traded hands, compared to its average volume of 1,999,083. Kyndryl Holdings, Inc. has a twelve month low of $21.34 and a twelve month high of $43.61. The business's fifty day simple moving average is $35.40 and its two-hundred day simple moving average is $36.07. 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 firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 72.96, a P/E/G ratio of 10.84 and a beta of 1.95.

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 analysts' consensus estimates of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm posted ($0.01) EPS. Kyndryl's revenue was down 1.3% compared to the same quarter last year. Analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Insider Activity at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $39.14, for a total value of $1,035,292.14. Following the sale, the senior vice president now directly owns 73,278 shares in the company, valued at approximately $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.04% of the company's stock.

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.