Kyndryl Holdings, Inc. $KD Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 172.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 75,785 shares of the company’s stock after buying an additional 47,968 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Kyndryl were worth $1,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Kyndryl by 192.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock valued at $35,000 after buying an additional 770 shares during the last quarter. NBT Bank N A NY raised its holdings in shares of Kyndryl by 3,220.0% in the fourth quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock valued at $35,000 after buying an additional 1,288 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Kyndryl by 4,475.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,464 shares of the company’s stock valued at $39,000 after buying an additional 1,432 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Kyndryl in the fourth quarter valued at about $39,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Kyndryl in the third quarter valued at about $40,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KD shares. BMO Capital Markets started coverage on shares of Kyndryl in a report on Monday, April 20th. They issued a “market perform” rating and a $15.00 target price for the company. Weiss Ratings cut shares of Kyndryl from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 18th. Wall Street Zen cut shares of Kyndryl from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. cut shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 target price for the company. in a report on Monday, February 9th. Finally, Scotiabank reduced their target price on shares of Kyndryl from $16.50 to $15.00 and set a “sector perform” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Kyndryl has an average rating of “Reduce” and a consensus price target of $22.57.

Kyndryl Trading Down 3.6%

Shares of Kyndryl stock opened at $11.82 on Tuesday. Kyndryl Holdings, Inc. has a 12-month low of $10.10 and a 12-month high of $44.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.75. The stock has a market cap of $2.66 billion, a PE ratio of 13.90 and a beta of 1.72. The company has a 50-day moving average of $13.06 and a two-hundred day moving average of $20.09.

Kyndryl (NYSE:KD) last issued its earnings results on Wednesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.25). Kyndryl had a net margin of 1.31% and a return on equity of 20.29%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, research analysts anticipate that Kyndryl Holdings, Inc. will post 1.81 EPS for the current fiscal year.

Kyndryl Profile

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.