Price T Rowe Associates Inc. MD Lowers Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Price T Rowe Associates Inc. MD lowered its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 79.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 157,928 shares of the company's stock after selling 597,620 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of Kyndryl worth $5,466,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KD. Vanguard Group Inc. lifted 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 valued at $964,434,000 after acquiring an additional 79,575 shares during the period. FMR LLC raised its position in 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 buying an additional 6,371,541 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after purchasing an additional 2,033,549 shares in the last quarter. Invesco Ltd. lifted its position in shares of Kyndryl by 39.9% during the 4th quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock worth $81,177,000 after buying an additional 669,097 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Kyndryl by 8.9% in the 4th quarter. Russell Investments Group Ltd. now owns 1,053,418 shares of the company's stock worth $36,448,000 after buying an additional 86,194 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KD. Oppenheimer lifted their price target on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Susquehanna lowered their price objective 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 Stock Performance

Shares of KD traded up $3.55 during trading hours on Thursday, hitting $36.69. The company's stock had a trading volume of 4,552,314 shares, compared to its average volume of 2,061,177. 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 $8.54 billion, a price-to-earnings ratio of 66.70, a PEG ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $32.43 and a two-hundred day simple moving average of $33.72.

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