Swiss National Bank Has $9.37 Million Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Swiss National Bank lessened its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 451,000 shares of the company's stock after selling 49,900 shares during the period. Swiss National Bank owned approximately 0.20% of Kyndryl worth $9,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KD. Cambridge Investment Research Advisors Inc. grew its position in shares of Kyndryl by 5.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,733 shares of the company's stock valued at $283,000 after acquiring an additional 1,029 shares during the period. Bank of New York Mellon Corp grew its stake in Kyndryl by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,036,088 shares of the company's stock valued at $30,745,000 after acquiring an additional 78,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kyndryl by 13.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,817 shares of the company's stock worth $647,000 after acquiring an additional 4,977 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Kyndryl by 8.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 64,249 shares of the company's stock worth $970,000 after acquiring an additional 5,100 shares during the period. Finally, State of Michigan Retirement System grew its position in shares of Kyndryl by 8.5% in the third quarter. State of Michigan Retirement System now owns 54,734 shares of the company's stock valued at $826,000 after purchasing an additional 4,300 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of Kyndryl from $27.00 to $33.00 and gave the stock a "positive" rating in a report on Thursday. Scotiabank boosted their price target on shares of Kyndryl from $28.00 to $30.00 and gave the company a "sector outperform" rating in a research report on Monday. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $28.50.

Kyndryl Stock Down 3.4 %

KD stock traded down $0.93 during trading on Monday, hitting $26.35. 3,502,595 shares of the company's stock were exchanged, compared to its average volume of 1,669,858. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of -17.68, a PEG ratio of 7.68 and a beta of 1.57. Kyndryl Holdings, Inc. has a 52-week low of $11.35 and a 52-week high of $27.50. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.03. The business has a 50-day moving average price of $21.55 and a two-hundred day moving average price of $20.26.

Kyndryl (NYSE:KD - Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. Kyndryl had a negative return on equity of 4.01% and a negative net margin of 2.12%. The firm had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the prior year, the firm earned ($0.21) EPS. The business's revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts expect that Kyndryl Holdings, Inc. will post 0.71 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.