89,373 Shares in Kyndryl Holdings, Inc. $KD Acquired by Hara Capital LLC

Hara Capital LLC bought a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 89,373 shares of the company’s stock, valued at approximately $1,011,000.

Several other large investors have also recently bought and sold shares of KD. AQR Capital Management LLC grew its position in shares of Kyndryl by 386.2% during the 3rd 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 in the last quarter. Cooper Creek Partners Management LLC raised its position in shares of Kyndryl by 498.5% in the first quarter. Cooper Creek Partners Management LLC now owns 3,895,949 shares of the company’s stock worth $51,115,000 after buying an additional 3,245,013 shares in the last quarter. Sound Shore Management Inc. CT boosted its stake in Kyndryl by 39.5% during the first quarter. Sound Shore Management Inc. CT now owns 4,147,984 shares of the company’s stock valued at $54,422,000 after buying an additional 1,173,761 shares during the period. Norges Bank bought a new stake in Kyndryl during the fourth quarter valued at $19,539,000. Finally, UBS Group AG grew its position in Kyndryl by 50.0% during the third quarter. UBS Group AG now owns 2,028,338 shares of the company’s stock worth $60,911,000 after buying an additional 675,943 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KD has been the topic of a number of research analyst reports. Susquehanna lowered Kyndryl from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $13.00 in a research note on Thursday, May 21st. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Scotiabank decreased their price objective on shares of Kyndryl from $16.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Kyndryl from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, August 10th. Finally, Wall Street Zen lowered shares of Kyndryl from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Kyndryl presently has an average rating of “Reduce” and an average target price of $16.50.

Kyndryl Stock Down 0.3%

Shares of NYSE:KD opened at $12.34 on Friday. The firm has a market capitalization of $2.69 billion, a PE ratio of 33.35 and a beta of 1.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.85. Kyndryl Holdings, Inc. has a 52-week low of $10.10 and a 52-week high of $33.90. The firm has a fifty day moving average of $12.36 and a 200 day moving average of $12.87.

Kyndryl (NYSE:KD) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. Kyndryl had a return on equity of 12.24% and a net margin of 0.58%.The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, research analysts anticipate that Kyndryl Holdings, Inc. will post 1.36 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.