140,435 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, Holdings Channel reports. The fund acquired 140,435 shares of the company’s stock, valued at approximately $4,859,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KD. Vanguard Group Inc. increased its stake in shares of Kyndryl by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company’s stock worth $964,434,000 after acquiring an additional 79,575 shares during the period. FMR LLC boosted its stake in shares of Kyndryl by 105.5% during the fourth quarter. FMR LLC now owns 12,408,449 shares of the company’s stock valued at $429,332,000 after acquiring an additional 6,371,541 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Kyndryl by 123.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock valued at $127,434,000 after purchasing an additional 2,033,549 shares during the last quarter. GMT Capital Corp boosted its stake in shares of Kyndryl by 16.4% during the 4th quarter. GMT Capital Corp now owns 2,973,560 shares of the company’s stock worth $102,885,000 after purchasing an additional 418,900 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Kyndryl by 39.9% during the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company’s stock worth $81,177,000 after acquiring an additional 669,097 shares during the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Price Performance

Shares of NYSE KD opened at $37.13 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a 1-year low of $21.34 and a 1-year high of $43.61. The business’s fifty day moving average price is $32.41 and its two-hundred day moving average price is $33.80. The firm has a market capitalization of $8.64 billion, a PE ratio of 67.51, a P/E/G ratio of 10.84 and a beta of 1.91.

Kyndryl (NYSE:KD) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the company posted ($0.01) EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, research analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Oppenheimer increased their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Susquehanna dropped their price target on shares of Kyndryl from $46.00 to $43.00 and set a “positive” rating on the stock in a research note on Wednesday, April 23rd.

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.