WINTON GROUP Ltd Takes $6.04 Million Position in Kyndryl Holdings, Inc. $KD

WINTON GROUP Ltd bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 227,378 shares of the company’s stock, valued at approximately $6,039,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Kyndryl by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,186,677 shares of the company’s stock valued at $846,446,000 after acquiring an additional 1,619,048 shares during the last quarter. ING Groep NV bought a new position in Kyndryl in the 3rd quarter valued at $9,188,000. Arnhold LLC grew its position in Kyndryl by 19.5% in the 3rd quarter. Arnhold LLC now owns 1,010,671 shares of the company’s stock valued at $30,350,000 after acquiring an additional 164,856 shares during the last quarter. Douglas Lane & Associates LLC grew its position in Kyndryl by 17.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 962,390 shares of the company’s stock valued at $25,561,000 after acquiring an additional 146,257 shares during the last quarter. Finally, Sound Shore Management Inc CT bought a new position in Kyndryl in the 3rd quarter valued at $61,113,000. Institutional investors own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. downgraded Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price objective on the stock. in a research report on Monday, February 9th. Scotiabank cut their price objective on Kyndryl from $16.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday, May 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Kyndryl in a research report on Monday, February 9th. Morgan Stanley cut their price objective on Kyndryl from $28.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 24th. Finally, Guggenheim downgraded Kyndryl from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 10th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Kyndryl has a consensus rating of “Reduce” and an average target price of $22.14.

Kyndryl Price Performance

Shares of KD stock opened at $11.62 on Friday. Kyndryl Holdings, Inc. has a twelve month low of $10.10 and a twelve month high of $44.20. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 13.66 and a beta of 1.66. The stock has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $18.09. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 1.77.

Kyndryl (NYSE:KD) last issued its earnings results on Wednesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.25). Kyndryl had a return on equity of 20.43% and a net margin of 1.31%.The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. Kyndryl’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts predict that Kyndryl Holdings, Inc. will post 1.59 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.