Headlands Technologies LLC Grows Position in Kyndryl Holdings, Inc. (NYSE:KD)

Headlands Technologies LLC raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 60.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475 shares of the company’s stock after acquiring an additional 554 shares during the period. Headlands Technologies LLC’s holdings in Kyndryl were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of KD. Vanguard Group Inc. boosted its holdings in shares of Kyndryl by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 25,913,034 shares of the company’s stock worth $563,868,000 after purchasing an additional 81,826 shares during the period. Greenlight Capital Inc. boosted its stake in shares of Kyndryl by 13.7% during the 4th quarter. Greenlight Capital Inc. now owns 6,356,069 shares of the company’s stock worth $132,079,000 after purchasing an additional 767,943 shares during the period. Norges Bank purchased a new position in shares of Kyndryl during the 4th quarter worth about $54,283,000. Zimmer Partners LP grew its holdings in Kyndryl by 1.3% during the 1st quarter. Zimmer Partners LP now owns 2,542,885 shares of the company’s stock valued at $55,333,000 after purchasing an additional 32,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Kyndryl by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,102,657 shares of the company’s stock worth $55,321,000 after purchasing an additional 158,160 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer initiated coverage on Kyndryl in a research note on Thursday, June 27th. They set an “outperform” rating and a $33.00 target price on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $29.40.

Kyndryl Trading Down 0.8 %

KD stock opened at $22.95 on Wednesday. The company has a market capitalization of $5.29 billion, a PE ratio of -15.40, a P/E/G ratio of 4.77 and a beta of 1.64. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl Holdings, Inc. has a 12 month low of $13.87 and a 12 month high of $28.60. The firm’s 50-day moving average is $24.33 and its 200 day moving average is $23.95.

Kyndryl (NYSE:KD) last issued its earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.78 billion. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. On average, research analysts anticipate that Kyndryl Holdings, Inc. will post 0.95 EPS for the current year.

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.