Gordian Capital Singapore Pte Ltd Invests $345,000 in Kyndryl Holdings, Inc. (NYSE:KD)

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

Several other hedge funds have also recently made changes to their positions in KD. FMR LLC lifted its stake 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 period. Arrowstreet Capital Limited Partnership raised 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 acquiring an additional 2,033,549 shares during the period. Deutsche Bank AG boosted its stake in shares of 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 acquiring an additional 1,050,856 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Kyndryl by 180.3% during 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 period. Finally, Maple Rock Capital Partners Inc. purchased a new stake in shares of Kyndryl in the 4th quarter worth $26,085,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Price Performance

KD stock traded up $0.25 during trading on Tuesday, reaching $39.12. The company's stock had a trading volume of 608,608 shares, compared to its average volume of 2,014,128. 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 company's fifty day moving average is $33.50 and its 200-day moving average is $35.23. The company has a market capitalization of $9.10 billion, a P/E ratio of 71.21, 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.

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, hitting the consensus estimate 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 analysts' expectations of $3.77 billion. During the same quarter last year, the business posted ($0.01) earnings per share. The firm's revenue was down 1.3% on a year-over-year basis. On average, research analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday. Oppenheimer boosted 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, Susquehanna reduced their target price on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd.

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.