Siemens Fonds Invest GmbH Takes $130,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Siemens Fonds Invest GmbH bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,749 shares of the company’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC boosted its stake in shares of Kyndryl by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 10,867 shares of the company’s stock valued at $376,000 after purchasing an additional 788 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Kyndryl during the 4th quarter worth about $360,000. Man Group plc lifted its position in Kyndryl by 109.1% during the 4th quarter. Man Group plc now owns 513,262 shares of the company’s stock worth $17,759,000 after buying an additional 267,847 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Kyndryl during the 4th quarter worth about $1,066,000. Finally, Nuveen Asset Management LLC lifted its position in Kyndryl by 7.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,001,131 shares of the company’s stock worth $34,639,000 after buying an additional 71,351 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KD. Susquehanna reduced their price target on shares of Kyndryl from $46.00 to $43.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer upped their price target on shares of Kyndryl from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th.

Kyndryl Stock Performance

Shares of NYSE:KD opened at $40.44 on Monday. The stock has a market capitalization of $9.41 billion, a P/E ratio of 73.52, a P/E/G ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 1-year low of $21.34 and a 1-year high of $43.61. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average price of $32.93 and a two-hundred day moving average price of $34.61.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) EPS. Equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current 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.