Kyndryl Holdings, Inc. $KD Holdings Boosted by Vanguard Group Inc.

Key Points

• Vanguard Group boosted its stake in Kyndryl by 0.5% to 28,331,302 shares, representing about 12.40% of the company and worth roughly $752.5 million at quarter-end.
• AQR notably expanded its position—up 386.2%, adding 3,326,025 shares—and other large institutions also increased holdings, leaving institutional ownership at 71.53%.
• Kyndryl slightly missed the quarter with EPS $0.52 vs. $0.60 expected and revenue $3.86B vs. $3.89B, and analysts' coverage is mixed with an average rating of "Reduce" and a $22.79 target.

Vanguard Group Inc. boosted its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,331,302 shares of the company's stock after acquiring an additional 144,625 shares during the period. Vanguard Group Inc. owned about 12.40% of Kyndryl worth $752,479,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Kyndryl by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,607,829 shares of the company's stock worth $138,375,000 after acquiring an additional 180,237 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Kyndryl by 386.2% in the third quarter. AQR Capital Management LLC now owns 4,187,177 shares of the company's stock worth $125,113,000 after acquiring an additional 3,326,025 shares during the last quarter. Zimmer Partners LP lifted its holdings in Kyndryl by 7.4% in the third quarter. Zimmer Partners LP now owns 2,227,904 shares of the company's stock worth $66,904,000 after acquiring an additional 153,247 shares during the last quarter. Cortland Associates Inc. MO lifted its holdings in Kyndryl by 39.2% in the third quarter. Cortland Associates Inc. MO now owns 2,105,082 shares of the company's stock worth $63,216,000 after acquiring an additional 592,751 shares during the last quarter. Finally, Sound Shore Management Inc CT bought a new position in Kyndryl in the third quarter worth about $61,113,000. Institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

NYSE KD opened at $14.34 on Monday. Kyndryl Holdings, Inc. has a 12 month low of $10.10 and a 12 month high of $44.20. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $3.23 billion, a PE ratio of 13.65 and a beta of 1.72. The company's 50 day simple moving average is $12.98 and its 200 day simple moving average is $20.62.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.08). Kyndryl had a net margin of 1.65% and a return on equity of 25.91%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the business earned $0.51 EPS. Kyndryl's revenue was up .6% compared to the same quarter last year. As a group, equities research analysts forecast that Kyndryl Holdings, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KD has been the topic of several analyst reports. Scotiabank restated a "hold" rating and issued a $16.50 price target on shares of Kyndryl in a research note on Friday, April 24th. Morgan Stanley dropped their price target on shares of Kyndryl from $28.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 24th. Zacks Research lowered shares of Kyndryl from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Kyndryl from a "hold" rating to a "buy" rating in a research note on Sunday, February 22nd. Finally, BMO Capital Markets initiated coverage on shares of Kyndryl in a research note on Monday, April 20th. They issued a "market perform" rating and a $15.00 price target on the stock. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Kyndryl presently has an average rating of "Reduce" and an average target price of $22.79.

About Kyndryl

Kyndryl NYSE: KD is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM's Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl's core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.

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