Nomura Holdings Inc. Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Nomura Holdings Inc. acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 30,820 shares of the company's stock, valued at approximately $1,066,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Kyndryl in the 4th quarter worth $30,000. Millstone Evans Group LLC purchased a new position in Kyndryl in the 4th quarter worth $35,000. Picton Mahoney Asset Management purchased a new position in Kyndryl in the 4th quarter worth $38,000. EverSource Wealth Advisors LLC raised its stake in Kyndryl by 35.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after acquiring an additional 297 shares during the last quarter. Finally, Sandy Spring Bank raised its stake in Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock worth $52,000 after acquiring an additional 442 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Performance

KD traded down $0.48 during midday trading on Friday, hitting $38.87. 1,089,385 shares of the company were exchanged, compared to its average volume of 2,019,559. The company's 50 day simple moving average is $33.43 and its 200 day simple moving average is $35.10. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 70.67, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 1-year low of $21.34 and a 1-year high of $43.61.

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

Wall Street Analysts Forecast Growth

KD has been the subject of a number of research analyst reports. Susquehanna reduced their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Oppenheimer increased their price target on Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th.

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.