50,000 Shares in Kyndryl Holdings, Inc. $KD Bought by Maxi Investments CY Ltd

Maxi Investments CY Ltd purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $1,502,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KD. AQR Capital Management LLC raised its holdings in shares of Kyndryl by 386.2% during the third quarter. AQR Capital Management LLC now owns 4,187,177 shares of the company’s stock valued at $125,113,000 after purchasing an additional 3,326,025 shares during the period. Sound Shore Management Inc CT acquired a new stake in shares of Kyndryl in the 3rd quarter valued at about $61,113,000. Vanguard Group Inc. increased its position in Kyndryl by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,186,677 shares of the company’s stock valued at $846,446,000 after buying an additional 1,619,048 shares in the last quarter. UBS Group AG increased its position in Kyndryl by 50.0% in the 3rd quarter. UBS Group AG now owns 2,028,338 shares of the company’s stock valued at $60,911,000 after buying an additional 675,943 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Kyndryl by 1,167.1% during the 3rd quarter. Federated Hermes Inc. now owns 691,496 shares of the company’s stock worth $20,766,000 after buying an additional 636,925 shares during the period. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Performance

Shares of KD opened at $12.32 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $18.42 and a two-hundred day moving average price of $24.76. The firm has a market capitalization of $2.78 billion, a P/E ratio of 11.73 and a beta of 1.93. Kyndryl Holdings, Inc. has a 52 week low of $10.10 and a 52 week high of $44.20.

Kyndryl (NYSE:KD) last posted its earnings results on Monday, February 9th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Kyndryl had a net margin of 1.65% and a return on equity of 25.91%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. Equities analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KD has been the topic of several recent research reports. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Oppenheimer restated a “market perform” rating on shares of Kyndryl in a report on Monday, February 9th. Guggenheim cut Kyndryl from a “buy” rating to a “neutral” rating in a report on Tuesday, February 10th. Susquehanna cut their target price on Kyndryl from $35.00 to $16.00 and set a “positive” rating on the stock in a report on Friday, February 13th. Finally, Wall Street Zen raised shares of Kyndryl from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.

About Kyndryl

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.