Graham Capital Management L.P. Invests $259,000 in Kyndryl Holdings, Inc. (NYSE:KD)

Graham Capital Management L.P. acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,499 shares of the company’s stock, valued at approximately $259,000.

Other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Kyndryl during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new position in Kyndryl during the fourth quarter valued at approximately $35,000. Picton Mahoney Asset Management purchased a new position in Kyndryl during the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $39,000 after buying an additional 297 shares during the period. Finally, Sandy Spring Bank increased its holdings in Kyndryl by 41.2% during the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock valued at $52,000 after buying an additional 442 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Price Performance

Shares of KD opened at $40.44 on Friday. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 73.52, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a twelve month low of $21.34 and a twelve month high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The company has a 50 day moving average of $32.93 and a two-hundred day moving average of $34.53.

Kyndryl (NYSE:KD) last announced its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. Kyndryl’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. As a group, analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KD has been the topic of several research reports. Susquehanna cut their price objective on shares of Kyndryl from $46.00 to $43.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Oppenheimer raised their target price on shares of Kyndryl from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, May 13th.

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.