Rothschild Investment LLC Invests $85,000 in Kyndryl Holdings, Inc. (NYSE:KD)

Rothschild Investment LLC purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,242 shares of the company’s stock, valued at approximately $85,000.

Several other institutional investors and hedge funds have also modified their holdings of KD. International Assets Investment Management LLC purchased a new position in shares of Kyndryl during the 4th quarter worth $1,664,000. Victory Capital Management Inc. raised its position in shares of Kyndryl by 18.6% during the 4th quarter. Victory Capital Management Inc. now owns 46,941 shares of the company’s stock valued at $975,000 after purchasing an additional 7,350 shares during the period. Natixis Advisors L.P. raised its position in shares of Kyndryl by 10.6% during the 4th quarter. Natixis Advisors L.P. now owns 48,699 shares of the company’s stock valued at $1,011,000 after purchasing an additional 4,674 shares during the period. Amalgamated Bank raised its position in shares of Kyndryl by 1.1% during the 4th quarter. Amalgamated Bank now owns 173,989 shares of the company’s stock valued at $3,615,000 after purchasing an additional 1,859 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Kyndryl by 37.4% during the 4th quarter. Teacher Retirement System of Texas now owns 27,913 shares of the company’s stock valued at $580,000 after purchasing an additional 7,592 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of NYSE KD opened at $23.38 on Thursday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $5.39 billion, a P/E ratio of -15.69, a P/E/G ratio of 4.75 and a beta of 1.67. The firm’s fifty day moving average is $24.95 and its two-hundred day moving average is $23.86. Kyndryl Holdings, Inc. has a 52-week low of $13.87 and a 52-week high of $28.60.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.78 billion. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. As a group, analysts anticipate that Kyndryl Holdings, Inc. will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on KD. Scotiabank raised their price objective on shares of Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a research report on Monday, May 13th. Susquehanna raised their price objective on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, May 9th. Finally, Oppenheimer started 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 analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock 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.