Kyndryl Holdings, Inc. (NYSE:KD) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 721,891 shares of the company's stock after acquiring an additional 108,198 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Kyndryl worth $24,977,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KD. Barclays PLC increased its position in shares of Kyndryl by 49.2% during the 3rd quarter. Barclays PLC now owns 255,958 shares of the company's stock valued at $5,882,000 after purchasing an additional 84,347 shares during the period. Fifth Third Bancorp increased its position in shares of Kyndryl by 27.5% during the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company's stock valued at $80,000 after purchasing an additional 496 shares during the period. Blue Trust Inc. increased its position in shares of Kyndryl by 244.6% during the 4th quarter. Blue Trust Inc. now owns 14,935 shares of the company's stock valued at $517,000 after purchasing an additional 10,601 shares during the period. KBC Group NV increased its position in shares of Kyndryl by 57.5% during the 4th quarter. KBC Group NV now owns 10,145 shares of the company's stock valued at $351,000 after purchasing an additional 3,702 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Kyndryl by 4.2% during the 4th quarter. Pacer Advisors Inc. now owns 76,380 shares of the company's stock valued at $2,643,000 after purchasing an additional 3,081 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KD shares. Susquehanna lowered their price target on 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 Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Oppenheimer lifted their price target on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th.

Kyndryl Price Performance

Shares of KD traded down $0.39 during trading hours on Friday, hitting $39.05. 1,766,021 shares of the company were exchanged, compared to its average volume of 2,016,486. The company has a market capitalization of $9.09 billion, a PE ratio of 71.00, a PEG ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a fifty day simple moving average of $33.85 and a 200-day simple moving average of $35.54. Kyndryl Holdings, Inc. has a one year low of $21.34 and a one year high of $43.61.

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