Fulton Bank N.A. Boosts Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Fulton Bank N.A. raised its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 19.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,227 shares of the company’s stock after purchasing an additional 4,165 shares during the quarter. Fulton Bank N.A.’s holdings in Kyndryl were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KD. Greenlight Capital Inc. grew its holdings in Kyndryl by 13.7% during 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 period. Prelude Capital Management LLC increased its holdings in shares of Kyndryl by 15.4% in the 4th 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 in the last quarter. Oracle Alpha Inc. acquired a new stake in shares of Kyndryl in the fourth quarter valued at about $354,000. Fortis Group Advisors LLC boosted its holdings in 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 buying an additional 800 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Kyndryl during the 4th quarter valued at approximately $207,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

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

Kyndryl Stock Performance

Shares of KD opened at $24.29 on Wednesday. Kyndryl Holdings, Inc. has a 12-month low of $13.87 and a 12-month high of $28.60. The stock has a market cap of $5.60 billion, a P/E ratio of -16.30, a PEG ratio of 5.32 and a beta of 1.63. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.82. The company has a 50-day moving average of $23.25 and a two-hundred day moving average of $24.10.

Kyndryl (NYSE:KD) last announced its earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. As a group, research analysts predict that Kyndryl Holdings, Inc. will post 0.89 EPS for the current fiscal 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.