Graham Capital Management L.P. Purchases Shares of 7,499 Kyndryl Holdings, Inc. (NYSE:KD)

Graham Capital Management L.P. acquired a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,499 shares of the company's stock, valued at approximately $259,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Kyndryl by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock valued at $964,434,000 after acquiring an additional 79,575 shares during the period. FMR LLC boosted its holdings in shares of Kyndryl by 105.5% during the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock valued at $429,332,000 after acquiring an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after acquiring an additional 2,033,549 shares during the period. GMT Capital Corp boosted its holdings in shares of Kyndryl by 16.4% during the fourth quarter. GMT Capital Corp now owns 2,973,560 shares of the company's stock valued at $102,885,000 after acquiring an additional 418,900 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Kyndryl by 39.9% during the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock valued at $81,177,000 after acquiring an additional 669,097 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Performance

Shares of NYSE KD traded down $0.48 during midday trading on Friday, reaching $38.87. 1,089,385 shares of the company traded hands, compared to its average volume of 2,017,004. Kyndryl Holdings, Inc. has a 52 week low of $21.34 and a 52 week high of $43.61. The stock has a 50-day moving average price of $33.43 and a 200 day moving average price of $35.02. 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 cap of $9.04 billion, a price-to-earnings ratio of 70.67, a PEG ratio of 10.84 and a beta of 1.91.

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 net margin of 0.91% and a return on equity of 7.22%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the company earned ($0.01) EPS. Kyndryl's revenue was down 1.3% on a year-over-year basis. Sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KD shares. Oppenheimer boosted their price target on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Susquehanna cut their price objective 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.

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.