DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Boosts Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 3,299.0% in the fourth quarter, HoldingsChannel reports. The firm owned 23,793 shares of the company’s stock after buying an additional 23,093 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Kyndryl were worth $823,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Kyndryl by 105.5% in the fourth quarter. FMR LLC now owns 12,408,449 shares of the company’s stock valued at $429,332,000 after acquiring an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Kyndryl by 123.3% in the 4th 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 during the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in shares of Kyndryl in the 4th quarter valued at $26,085,000. Invesco Ltd. raised its holdings in shares of 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 lifted its position in shares of Kyndryl by 60.5% during the 4th 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. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KD has been the topic of several research analyst reports. Oppenheimer raised their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna cut their price objective 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 Stock Performance

Shares of KD stock opened at $37.13 on Monday. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap 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 stock’s 50-day moving average is $32.41 and its two-hundred day moving average is $34.03.

Kyndryl (NYSE:KD) last released its quarterly 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 company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. Analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share 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.