Lazard Asset Management LLC Has $1.41 Million Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Lazard Asset Management LLC boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 67,916.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,810 shares of the company’s stock after purchasing an additional 40,750 shares during the quarter. Lazard Asset Management LLC’s holdings in Kyndryl were worth $1,411,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Kyndryl by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company’s stock worth $964,434,000 after purchasing an additional 79,575 shares during the period. FMR LLC grew its holdings 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 period. Arrowstreet Capital Limited Partnership grew its holdings 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 period. GMT Capital Corp grew its holdings in Kyndryl by 16.4% in the fourth quarter. GMT Capital Corp now owns 2,973,560 shares of the company’s stock worth $102,885,000 after purchasing an additional 418,900 shares during the period. Finally, Invesco Ltd. grew its holdings in Kyndryl by 39.9% in the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company’s stock worth $81,177,000 after purchasing an additional 669,097 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KD has been the subject of a number of research reports. Susquehanna reduced 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. Oppenheimer raised their price target on shares of Kyndryl from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th.

Kyndryl Stock Down 0.7%

Kyndryl stock opened at $40.44 on Monday. Kyndryl Holdings, Inc. has a 1-year low of $21.34 and a 1-year high of $43.61. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 73.52, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The firm’s fifty day moving average price is $32.93 and its two-hundred day moving average price is $34.61. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Kyndryl 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.