Bleakley Financial Group LLC Increases Position in Kyndryl Holdings, Inc. (NYSE:KD)

Bleakley Financial Group LLC grew its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,729 shares of the company’s stock after acquiring an additional 971 shares during the quarter. Bleakley Financial Group LLC’s holdings in Kyndryl were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KD. Acadian Asset Management LLC acquired a new stake in shares of Kyndryl in the 1st quarter worth $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Kyndryl in the 3rd quarter worth $29,000. ORG Partners LLC boosted its position in shares of Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after purchasing an additional 1,220 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of Kyndryl by 60.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after purchasing an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kyndryl in the 2nd quarter worth $39,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Performance

Shares of KD opened at $24.33 on Wednesday. The stock has a 50-day moving average of $23.57 and a two-hundred day moving average of $24.31. Kyndryl Holdings, Inc. has a one year low of $13.87 and a one year high of $28.60. 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 cap of $5.61 billion, a P/E ratio of -16.33, a P/E/G ratio of 5.42 and a beta of 1.63.

Kyndryl (NYSE:KD) last issued its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $3.78 billion. As a group, research analysts predict that Kyndryl Holdings, Inc. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

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

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.