Nuveen Asset Management LLC Grows Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Nuveen Asset Management LLC boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,001,131 shares of the company's stock after acquiring an additional 71,351 shares during the period. Nuveen Asset Management LLC owned 0.43% of Kyndryl worth $34,639,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Kyndryl in the 4th quarter worth approximately $30,000. Millstone Evans Group LLC bought a new position in Kyndryl in the fourth quarter worth $35,000. Picton Mahoney Asset Management bought a new position in Kyndryl in the fourth quarter worth $38,000. EverSource Wealth Advisors LLC lifted its position in Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after buying an additional 297 shares during the period. Finally, Sandy Spring Bank boosted its holdings in shares of Kyndryl by 41.2% during the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after buying an additional 442 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KD. 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 research report on Wednesday, April 23rd. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Oppenheimer raised their target price on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th.

Kyndryl Stock Down 1.2%

Shares of NYSE KD traded down $0.48 during trading on Monday, reaching $38.87. The company had a trading volume of 1,089,385 shares, compared to its average volume of 2,019,559. Kyndryl Holdings, Inc. has a 12-month low of $21.34 and a 12-month high of $43.61. 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 business's 50-day moving average is $33.43 and its 200 day moving average is $35.15. The stock has a market cap of $9.04 billion, a PE ratio of 70.67, a P/E/G ratio of 10.84 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. Kyndryl's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, equities analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

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.