Jacobs Levy Equity Management Inc. Has $71.67 Million Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Jacobs Levy Equity Management Inc. raised its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,071,263 shares of the company’s stock after acquiring an additional 36,045 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.89% of Kyndryl worth $71,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in Kyndryl during the fourth quarter worth about $30,000. Millstone Evans Group LLC bought a new position in Kyndryl in the fourth quarter valued at $35,000. Picton Mahoney Asset Management bought a new stake in Kyndryl during the fourth quarter worth about $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 worth $39,000 after buying an additional 297 shares during the last quarter. Finally, Sandy Spring Bank raised its holdings in shares of Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock valued at $52,000 after purchasing an additional 442 shares during the period. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 1.4 %

Shares of NYSE:KD opened at $37.13 on Friday. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61. The company has a fifty day moving average of $32.41 and a 200-day moving average of $33.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $8.64 billion, a PE ratio of 67.51, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KD shares. Oppenheimer increased their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna reduced their price objective 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.