Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC increased its position in Kyndryl Holdings, Inc. (NYSE:KD) by 392.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 631,299 shares of the company’s stock after buying an additional 503,020 shares during the period. AQR Capital Management LLC owned about 0.27% of Kyndryl worth $16,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KD. Corient Private Wealth LLC increased its stake in Kyndryl by 19.1% in the fourth quarter. Corient Private Wealth LLC now owns 40,150 shares of the company’s stock valued at $834,000 after purchasing an additional 6,431 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Kyndryl by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 100,713 shares of the company’s stock valued at $2,093,000 after acquiring an additional 990 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Kyndryl during the 4th quarter worth about $2,181,000. Greenlight Capital Inc. boosted its position in shares of Kyndryl by 13.7% in the fourth quarter. Greenlight Capital Inc. now owns 6,356,069 shares of the company’s stock worth $132,079,000 after acquiring an additional 767,943 shares during the last quarter. Finally, Prelude Capital Management LLC grew its holdings in Kyndryl by 15.4% in the fourth quarter. Prelude Capital Management LLC now owns 409,408 shares of the company’s stock valued at $8,507,000 after purchasing an additional 54,516 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Down 2.4 %

Shares of NYSE:KD opened at $22.43 on Wednesday. Kyndryl Holdings, Inc. has a 1 year low of $13.87 and a 1 year high of $28.60. The stock has a 50-day simple moving average of $23.70 and a 200-day simple moving average of $24.04. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $5.17 billion, a P/E ratio of -15.13, a PEG ratio of 5.32 and a beta of 1.64.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $3.74 billion during 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%. Equities analysts forecast that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer initiated coverage on shares of Kyndryl in a report on Thursday, June 27th. They issued 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 MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $29.40.

About Kyndryl

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.