Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 17.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,526 shares of the company’s stock after acquiring an additional 3,495 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Kyndryl were worth $814,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Barclays PLC increased its position in shares of Kyndryl by 49.2% in the third quarter. Barclays PLC now owns 255,958 shares of the company’s stock worth $5,882,000 after acquiring an additional 84,347 shares in the last quarter. Franklin Resources Inc. grew its position in Kyndryl by 15.1% during the 3rd quarter. Franklin Resources Inc. now owns 90,068 shares of the company’s stock worth $2,237,000 after purchasing an additional 11,786 shares in the last quarter. GAMMA Investing LLC raised its stake in Kyndryl by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock valued at $104,000 after purchasing an additional 580 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Kyndryl by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock valued at $1,037,000 after purchasing an additional 312 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Kyndryl in the fourth quarter worth $2,775,000. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Up 1.4 %

KD opened at $37.13 on Friday. 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. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $43.61. The business has a 50-day moving average of $32.41 and a 200-day moving average of $33.96.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business posted ($0.01) EPS. Kyndryl’s quarterly revenue was down 1.3% on a year-over-year basis. Equities research analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KD shares. Oppenheimer raised their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna decreased their price target on shares of Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company in a 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.