AQR Capital Management LLC Grows Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

AQR Capital Management LLC raised its position in Kyndryl Holdings, Inc. (NYSE:KD) by 392.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 631,299 shares of the company’s stock after buying an additional 503,020 shares during the period. AQR Capital Management LLC’s holdings in Kyndryl were worth $16,578,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in shares of Kyndryl in the first quarter worth $26,000. ORG Partners LLC grew its holdings in Kyndryl by 622.4% during the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after acquiring an additional 1,220 shares in the last quarter. Fortis Group Advisors LLC increased its position in shares of Kyndryl by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Kyndryl in the 1st quarter valued at about $33,000. Finally, Headlands Technologies LLC lifted its position in shares of Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after purchasing an additional 554 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Trading Down 2.4 %

NYSE KD opened at $22.43 on Wednesday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl Holdings, Inc. has a one year low of $13.87 and a one year high of $28.60. The company has a 50-day simple moving average of $23.70 and a 200-day simple moving average of $24.04. The firm has a market capitalization of $5.17 billion, a PE ratio of -15.13, a price-to-earnings-growth ratio of 5.32 and a beta of 1.64.

Kyndryl (NYSE:KD) last posted its earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company 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%. On average, equities analysts forecast that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Oppenheimer started coverage on Kyndryl in a research note 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 data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $29.40.

About Kyndryl

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.