True Wealth Design LLC Buys 524 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

True Wealth Design LLC increased its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 150.6% in the 4th quarter, Holdings Channel reports. The fund owned 872 shares of the company’s stock after buying an additional 524 shares during the quarter. True Wealth Design LLC’s holdings in Kyndryl were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Kyndryl by 0.3% in the 4th 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 last quarter. FMR LLC lifted its stake in Kyndryl by 105.5% in the fourth quarter. FMR LLC now owns 12,408,449 shares of the company’s stock worth $429,332,000 after purchasing an additional 6,371,541 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock worth $127,434,000 after purchasing an additional 2,033,549 shares during the last quarter. GMT Capital Corp boosted its position in Kyndryl by 16.4% during the fourth quarter. GMT Capital Corp now owns 2,973,560 shares of the company’s stock valued at $102,885,000 after buying an additional 418,900 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Kyndryl by 39.9% during the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company’s stock valued at $81,177,000 after buying an additional 669,097 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Down 0.7%

NYSE KD opened at $40.44 on Friday. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $43.61. The stock has a market capitalization of $9.41 billion, a PE ratio of 73.52, a PEG ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50-day moving average is $32.93 and its 200 day moving average is $34.53.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 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 company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KD shares. Oppenheimer increased their target price on Kyndryl from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. Susquehanna lowered their price objective on Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd.

Kyndryl Company Profile

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.