7,627 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. acquired a new position in Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,627 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds also recently added to or reduced their stakes in KD. BNP Paribas Financial Markets purchased a new stake in shares of Kyndryl during the fourth quarter valued at about $2,645,000. Algert Global LLC lifted its position in shares of Kyndryl by 34.2% during the fourth quarter. Algert Global LLC now owns 45,166 shares of the company’s stock valued at $1,563,000 after buying an additional 11,519 shares during the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of Kyndryl during the fourth quarter valued at about $75,000. Maple Rock Capital Partners Inc. purchased a new stake in shares of Kyndryl during the fourth quarter valued at about $26,085,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Kyndryl by 17.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 23,526 shares of the company’s stock valued at $814,000 after buying an additional 3,495 shares during the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Stock Performance

KD opened at $37.13 on Monday. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The company has a market cap of $8.64 billion, a P/E ratio of 67.51, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The firm’s 50-day moving average price is $32.41 and its 200-day moving average price is $34.03.

Kyndryl (NYSE:KD) last posted 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. 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 the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

KD has been the subject of several analyst reports. Susquehanna decreased their price target on shares of Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. Oppenheimer increased their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th.

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.