7,499 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. 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 7,499 shares of the company's stock, valued at approximately $259,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KD. FMR LLC grew its holdings in shares of 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 purchasing an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after buying an additional 2,033,549 shares during the period. Deutsche Bank AG lifted its position in Kyndryl by 95.9% during 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 in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Kyndryl by 180.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock worth $46,082,000 after buying an additional 856,629 shares during the period. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Kyndryl in the fourth quarter worth $26,085,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Down 1.9%

NYSE KD traded down $0.75 on Wednesday, reaching $39.38. The company had a trading volume of 1,340,163 shares, compared to its average volume of 2,022,326. 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 1 year low of $21.34 and a 1 year high of $43.61. The firm has a 50-day moving average of $33.18 and a 200-day moving average of $34.77. The firm has a market capitalization of $9.16 billion, a PE ratio of 71.59, a P/E/G ratio of 10.84 and a beta of 1.91.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Susquehanna reduced their target price 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 objective on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th.

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.