227,378 Shares in Kyndryl Holdings, Inc. $KD Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 227,378 shares of the company’s stock, valued at approximately $6,039,000. WINTON GROUP Ltd owned approximately 0.10% of Kyndryl at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Kyndryl by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 28,331,302 shares of the company’s stock worth $752,479,000 after purchasing an additional 144,625 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Kyndryl by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,607,829 shares of the company’s stock worth $138,375,000 after purchasing an additional 180,237 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kyndryl by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,456,962 shares of the company’s stock worth $118,997,000 after purchasing an additional 63,846 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Kyndryl by 386.2% in the 3rd quarter. AQR Capital Management LLC now owns 4,187,177 shares of the company’s stock worth $125,113,000 after purchasing an additional 3,326,025 shares in the last quarter. Finally, Sound Shore Management Inc. CT lifted its holdings in Kyndryl by 46.1% in the 4th quarter. Sound Shore Management Inc. CT now owns 2,974,223 shares of the company’s stock worth $78,995,000 after purchasing an additional 939,154 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KD shares. Weiss Ratings cut Kyndryl from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 18th. Scotiabank lowered their price target on Kyndryl from $16.50 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, May 8th. Oppenheimer reissued a “market perform” rating on shares of Kyndryl in a report on Monday, February 9th. JPMorgan Chase & Co. cut Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price target on the stock. in a report on Monday, February 9th. Finally, Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $22.14.

Kyndryl Stock Down 4.3%

Shares of KD opened at $11.62 on Friday. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 13.66 and a beta of 1.66. Kyndryl Holdings, Inc. has a 1 year low of $10.10 and a 1 year high of $44.20. The business’s 50 day simple moving average is $12.78 and its 200-day simple moving average is $18.09. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.88 and a quick ratio of 0.86.

Kyndryl (NYSE:KD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.25). The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Kyndryl had a return on equity of 20.43% and a net margin of 1.31%.The firm’s revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. As a group, equities analysts expect that Kyndryl Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Kyndryl Profile

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.