Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,885 shares of the company's stock after selling 123,095 shares during the period. Gotham Asset Management LLC owned approximately 0.09% of Kyndryl worth $7,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KD. FMR LLC grew its position in Kyndryl by 105.5% in the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after acquiring an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after acquiring an additional 2,033,549 shares in the last quarter. Deutsche Bank AG grew its position in Kyndryl by 95.9% in the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock worth $74,287,000 after acquiring an additional 1,050,856 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Kyndryl by 180.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock worth $46,082,000 after acquiring an additional 856,629 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new position in shares of Kyndryl during the fourth quarter valued at approximately $26,085,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KD. Susquehanna dropped 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. Oppenheimer boosted their target price on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday.

Kyndryl Trading Down 0.7%

Shares of Kyndryl stock traded down $0.29 on Friday, hitting $40.44. 1,509,888 shares of the company traded hands, compared to its average volume of 2,025,929. The stock's 50 day moving average price is $32.81 and its 200-day moving average price is $34.35. 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 Holdings, Inc. has a 52 week low of $21.34 and a 52 week high of $43.61. The company has a market cap of $9.41 billion, a PE ratio of 73.52, a PEG ratio of 10.84 and a beta of 1.91.

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

Kyndryl Company 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.