Quantinno Capital Management LP Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Quantinno Capital Management LP bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,401 shares of the company's stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KD. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Kyndryl in the 4th quarter valued at $30,000. Millstone Evans Group LLC acquired a new stake in shares of Kyndryl during the fourth quarter valued at about $35,000. Picton Mahoney Asset Management bought a new stake in shares of Kyndryl during the fourth quarter worth about $38,000. EverSource Wealth Advisors LLC increased its stake in shares of Kyndryl by 35.9% in 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 increased its stake in shares of Kyndryl by 41.2% in the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after buying an additional 442 shares during the period. Institutional investors own 71.53% of the company's stock.

Kyndryl Trading Down 1.4%

Kyndryl stock traded down $0.55 during mid-day trading on Friday, hitting $38.90. 199,935 shares of the stock were exchanged, compared to its average volume of 2,007,747. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 70.72, a PEG ratio of 10.84 and a beta of 1.91. 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 firm's fifty day simple moving average is $33.77 and its two-hundred day simple moving average is $35.36.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 return on equity of 7.22% and a net margin of 0.91%. The firm's revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. Analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on KD. Oppenheimer lifted their target price on shares of Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Susquehanna lowered their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd.

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.