Vident Advisory LLC Has $5.73 Million Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Vident Advisory LLC boosted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 26.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,693 shares of the company's stock after buying an additional 34,680 shares during the period. Vident Advisory LLC owned approximately 0.07% of Kyndryl worth $5,733,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Kyndryl by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock worth $964,434,000 after acquiring an additional 79,575 shares in the last quarter. FMR LLC raised its position in Kyndryl by 105.5% during the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock valued at $429,332,000 after purchasing an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after purchasing an additional 2,033,549 shares during the last quarter. GMT Capital Corp boosted its holdings in shares of Kyndryl by 16.4% in the 4th quarter. GMT Capital Corp now owns 2,973,560 shares of the company's stock valued at $102,885,000 after purchasing an additional 418,900 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Kyndryl by 39.9% in the 4th quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock valued at $81,177,000 after purchasing an additional 669,097 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KD. Oppenheimer raised their price objective on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Susquehanna reduced their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd.

Kyndryl Trading Down 1.3%

NYSE KD opened at $39.95 on Tuesday. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 72.64, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a twelve month low of $21.34 and a twelve 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 business's fifty day moving average is $33.05 and its 200 day moving average is $34.73.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 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 firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the firm posted ($0.01) earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS 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.

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