International Assets Investment Management LLC Invests $1.66 Million in Kyndryl Holdings, Inc. (NYSE:KD)

International Assets Investment Management LLC acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 80,086 shares of the company's stock, valued at approximately $1,664,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Deutsche Bank AG raised its stake in Kyndryl by 1,266.6% in the 3rd quarter. Deutsche Bank AG now owns 4,865,411 shares of the company's stock worth $73,468,000 after acquiring an additional 4,509,381 shares during the last quarter. Amalgamated Bank raised its stake in Kyndryl by 28.8% in the 3rd quarter. Amalgamated Bank now owns 172,130 shares of the company's stock worth $2,599,000 after acquiring an additional 38,437 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Kyndryl in the 4th quarter worth $28,992,000. American Century Companies Inc. raised its stake in Kyndryl by 510.3% in the 3rd quarter. American Century Companies Inc. now owns 440,015 shares of the company's stock worth $6,644,000 after acquiring an additional 367,912 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Kyndryl in the 3rd quarter worth $963,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Performance

Shares of NYSE KD traded up $0.02 during trading on Friday, reaching $19.66. 1,491,970 shares of the company traded hands, compared to its average volume of 1,266,949. The firm's fifty day simple moving average is $21.49 and its 200 day simple moving average is $19.45. The stock has a market cap of $4.52 billion, a P/E ratio of -4.34, a PEG ratio of 5.54 and a beta of 1.54. Kyndryl Holdings, Inc. has a 12-month low of $11.35 and a 12-month high of $22.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.03.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.14). Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. The company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.89 billion. As a group, research analysts anticipate that Kyndryl Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KD shares. Evercore ISI upgraded Kyndryl from an "in-line" rating to an "outperform" rating and set a $26.00 target price for the company in a research note on Monday, January 8th. Susquehanna upgraded Kyndryl from a "neutral" rating to a "positive" rating and lifted their price objective for the company from $19.00 to $27.00 in a research note on Monday, February 12th.

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.