Engle Capital Management L.P. Grows Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Engle Capital Management L.P. grew its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 49.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 970,000 shares of the company's stock after buying an additional 321,373 shares during the period. Kyndryl makes up 10.1% of Engle Capital Management L.P.'s portfolio, making the stock its largest position. Engle Capital Management L.P. owned approximately 0.42% of Kyndryl worth $33,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Kyndryl during the 4th quarter worth about $30,000. Millstone Evans Group LLC acquired a new stake in Kyndryl during the fourth quarter worth approximately $35,000. Picton Mahoney Asset Management acquired a new stake in shares of Kyndryl in the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC lifted its position in shares of Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after acquiring an additional 297 shares during the period. Finally, Sandy Spring Bank increased its holdings in Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after buying an additional 442 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Performance

KD stock traded up $1.91 during midday trading on Monday, reaching $39.05. 2,312,921 shares of the company's stock traded hands, compared to its average volume of 2,032,750. The company has a 50-day moving average price of $32.41 and a two-hundred day moving average price of $34.03. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. Kyndryl Holdings, Inc. has a 52 week low of $21.34 and a 52 week high of $43.61. The firm has a market capitalization of $9.09 billion, a PE ratio of 70.99, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The firm 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 posted ($0.01) earnings per share. The business's quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Oppenheimer increased their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Susquehanna dropped their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd.

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.