Scientech Research LLC Purchases Shares of 18,255 Kyndryl Holdings, Inc. (NYSE:KD)

Scientech Research LLC purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,255 shares of the company’s stock, valued at approximately $480,000.

A number of other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC grew its stake in shares of Kyndryl by 240.7% in the first quarter. Tidal Investments LLC now owns 55,778 shares of the company’s stock worth $1,214,000 after purchasing an additional 39,408 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Kyndryl by 11.8% in the 1st quarter. Bleakley Financial Group LLC now owns 15,307 shares of the company’s stock worth $333,000 after buying an additional 1,621 shares during the last quarter. Sei Investments Co. increased its stake in shares of Kyndryl by 23.4% during the first quarter. Sei Investments Co. now owns 260,771 shares of the company’s stock valued at $5,674,000 after buying an additional 49,520 shares during the period. SG Americas Securities LLC bought a new position in shares of Kyndryl during the second quarter valued at approximately $1,418,000. Finally, Greenlight Capital Inc. raised its holdings in shares of Kyndryl by 13.7% during the fourth quarter. Greenlight Capital Inc. now owns 6,356,069 shares of the company’s stock valued at $132,079,000 after acquiring an additional 767,943 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

KD opened at $23.01 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.82. Kyndryl Holdings, Inc. has a 52 week low of $13.87 and a 52 week high of $28.60. The stock has a market cap of $5.30 billion, a PE ratio of -15.44, a PEG ratio of 5.32 and a beta of 1.64. The business has a 50 day moving average of $23.79 and a 200-day moving average of $24.03.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.78 billion. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. Equities research analysts predict that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer assumed coverage on shares of Kyndryl in a research report on Thursday, June 27th. They set an “outperform” rating and a $33.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Kyndryl has an average rating of “Buy” and a consensus price target of $29.40.

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.