Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC raised its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 362.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,050 shares of the company's stock after purchasing an additional 370,780 shares during the period. Tidal Investments LLC owned 0.20% of Kyndryl worth $16,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KD. Dakota Wealth Management purchased a new stake in shares of Kyndryl in the fourth quarter worth approximately $1,221,000. Sky Investment Group LLC raised its holdings in shares of Kyndryl by 11.7% in the fourth quarter. Sky Investment Group LLC now owns 88,335 shares of the company's stock worth $3,056,000 after buying an additional 9,240 shares during the period. Diversify Advisory Services LLC purchased a new stake in shares of Kyndryl in the fourth quarter worth approximately $5,309,000. Mediolanum International Funds Ltd purchased a new stake in shares of Kyndryl in the fourth quarter worth approximately $16,856,000. Finally, American Century Companies Inc. raised its holdings in shares of Kyndryl by 15.1% in the fourth quarter. American Century Companies Inc. now owns 372,642 shares of the company's stock worth $12,893,000 after buying an additional 48,809 shares during the period. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday. Oppenheimer increased their price target on Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, Susquehanna reduced their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd.

Kyndryl Trading Down 1.2%

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

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, 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 analysts' expectations of $3.77 billion. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Kyndryl's revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

About Kyndryl

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.