Edgestream Partners L.P. Grows Position in Kyndryl Holdings, Inc. (NYSE:KD)

Edgestream Partners L.P. increased its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 30.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,738 shares of the company's stock after acquiring an additional 9,411 shares during the period. Edgestream Partners L.P.'s holdings in Kyndryl were worth $1,279,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. FMR LLC grew 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 last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 acquiring an additional 2,033,549 shares during the last quarter. Deutsche Bank AG lifted its stake in Kyndryl by 95.9% in the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after acquiring an additional 1,050,856 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Kyndryl by 180.3% in the fourth 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 last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in Kyndryl in the fourth quarter valued at approximately $26,085,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the completion of the transaction, the senior vice president directly owned 73,278 shares of the company's stock, valued at $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Kyndryl Trading Up 0.8%

Shares of NYSE:KD traded up $0.31 during mid-day trading on Friday, reaching $39.47. The stock had a trading volume of 1,280,584 shares, compared to its average volume of 2,023,704. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.29. The firm has a market cap of $9.13 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.93. The firm has a 50 day simple moving average of $40.39 and a two-hundred day simple moving average of $37.17. Kyndryl Holdings, Inc. has a twelve month low of $21.34 and a twelve month high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business earned ($0.01) EPS. The company's revenue was down 1.3% compared to the same quarter last year. On average, research analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KD has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Susquehanna reduced their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th.

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.