Oppenheimer Asset Management Inc. raised its stake in Kyndryl Holdings, Inc. (NYSE:KD – Free Report) 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 – Get Free Report) 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.
Featured Articles
- Five stocks we like better than Kyndryl
- How to Calculate Stock Profit
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- How to Start Investing in Real Estate
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Want to see what other hedge funds are holding KD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kyndryl Holdings, Inc. (NYSE:KD – Free Report).
Receive News & Ratings for Kyndryl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyndryl and related companies with MarketBeat.com's FREE daily email newsletter.