Gordian Capital Singapore Pte Ltd Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Gordian Capital Singapore Pte Ltd purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company's stock, valued at approximately $345,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in shares of Kyndryl by 9.4% in the 4th quarter. Bessemer Group Inc. now owns 2,881 shares of the company's stock valued at $99,000 after purchasing an additional 247 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after purchasing an additional 297 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Kyndryl by 0.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company's stock worth $1,775,000 after purchasing an additional 332 shares during the period. Brown Brothers Harriman & Co. grew its position in Kyndryl by 19.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company's stock valued at $78,000 after buying an additional 370 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Kyndryl by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company's stock valued at $2,232,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Down 1.9%

KD opened at $39.38 on Thursday. 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 Holdings, Inc. has a 12 month low of $21.34 and a 12 month high of $43.61. The stock has a market capitalization of $9.16 billion, a P/E ratio of 71.59, a P/E/G ratio of 10.84 and a beta of 1.91. The business has a 50 day simple moving average of $33.26 and a 200-day simple moving average of $34.80.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.77 billion. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. Kyndryl's revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) earnings per share. On average, equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KD has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Susquehanna dropped their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd.

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.

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