Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,675,346 shares of the company's stock after selling 87,682 shares during the quarter. Ameriprise Financial Inc. owned about 0.72% of Kyndryl worth $57,967,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Kyndryl by 105.5% in the 4th 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 boosted its stake in shares of Kyndryl by 123.3% during the 4th 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. Maple Rock Capital Partners Inc. acquired a new stake in shares of Kyndryl in the 4th quarter worth approximately $26,085,000. Invesco Ltd. increased its stake in 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 in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Kyndryl by 60.5% during the fourth quarter. AQR Capital Management LLC now owns 1,747,662 shares of the company's stock worth $60,469,000 after purchasing an additional 658,866 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Trading Up 1.4 %

Shares of KD stock opened at $37.13 on Friday. Kyndryl Holdings, Inc. has a twelve month low of $21.34 and a twelve month high of $43.61. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 67.51, a PEG ratio of 10.84 and a beta of 1.91. The firm has a 50-day moving average price of $32.41 and a 200 day moving average price of $33.96. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $3.80 billion for 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%. The company's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Research analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KD shares. Oppenheimer raised their price target on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. 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 report on Wednesday, April 23rd.

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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