Vident Advisory LLC Purchases 34,680 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Vident Advisory LLC lifted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,693 shares of the company's stock after buying an additional 34,680 shares during the period. Vident Advisory LLC owned about 0.07% of Kyndryl worth $5,733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of KD. Dakota Wealth Management acquired a new position in Kyndryl during the fourth quarter valued at approximately $1,221,000. Sky Investment Group LLC boosted its position in Kyndryl by 11.7% during the fourth quarter. Sky Investment Group LLC now owns 88,335 shares of the company's stock valued at $3,056,000 after purchasing an additional 9,240 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Kyndryl during the fourth quarter valued at approximately $5,309,000. Mediolanum International Funds Ltd acquired a new position in Kyndryl during the fourth quarter valued at approximately $16,856,000. Finally, American Century Companies Inc. boosted its position in Kyndryl by 15.1% during the fourth quarter. American Century Companies Inc. now owns 372,642 shares of the company's stock valued at $12,893,000 after purchasing an additional 48,809 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on KD shares. Susquehanna reduced their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company 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. Finally, Oppenheimer increased 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 Stock Performance

Shares of KD traded down $0.48 during mid-day trading on Friday, reaching $38.87. The company's stock had a trading volume of 1,089,385 shares, compared to its average volume of 2,019,559. Kyndryl Holdings, Inc. has a 1-year low of $21.34 and a 1-year high of $43.61. The stock has a market cap of $9.04 billion, a P/E ratio of 70.67, a PEG ratio of 10.84 and a beta of 1.91. The business has a 50-day simple moving average of $33.43 and a two-hundred day simple moving average of $35.10. 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 (NYSE:KD - Get Free Report) last released 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. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same period last year, the firm posted ($0.01) earnings per share. The business's revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts anticipate 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.