Kyndryl Holdings, Inc. (NYSE:KD) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 46.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,153 shares of the company’s stock after purchasing an additional 5,406 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kyndryl were worth $451,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of Kyndryl in the 1st quarter valued at $26,000. ORG Partners LLC boosted its stake in Kyndryl by 622.4% in the first quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock valued at $31,000 after acquiring an additional 1,220 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in shares of Kyndryl by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Kyndryl during the first quarter worth about $33,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Kyndryl by 60.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after purchasing an additional 554 shares during the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer started coverage on Kyndryl in a research report on Thursday, June 27th. They set an “outperform” rating and a $33.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $29.40.

Kyndryl Price Performance

Shares of KD opened at $23.89 on Friday. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of -16.03, a price-to-earnings-growth ratio of 4.77 and a beta of 1.64. Kyndryl Holdings, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $28.60. The firm has a 50-day simple moving average of $24.19 and a 200-day simple moving average of $23.96. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.03 and a current ratio of 1.03.

Kyndryl (NYSE:KD) last announced its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.78 billion. On average, equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.95 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.