Cwm LLC Boosts Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Cwm LLC increased its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 92.7% in the third quarter, Holdings Channel reports. The firm owned 12,193 shares of the company’s stock after buying an additional 5,864 shares during the quarter. Cwm LLC’s holdings in Kyndryl were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in Kyndryl by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after acquiring an additional 422 shares during the period. Simplicity Wealth LLC increased its holdings in shares of Kyndryl by 3.0% in the second quarter. Simplicity Wealth LLC now owns 15,745 shares of the company’s stock valued at $414,000 after purchasing an additional 454 shares during the period. Silverberg Bernstein Capital Management LLC increased its holdings in shares of Kyndryl by 1.4% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company’s stock valued at $828,000 after purchasing an additional 480 shares during the period. Headlands Technologies LLC raised its stake 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. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Kyndryl by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 57,493 shares of the company’s stock worth $1,513,000 after purchasing an additional 563 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Down 2.9 %

Kyndryl stock opened at $24.42 on Tuesday. The company has a market cap of $5.63 billion, a PE ratio of -16.39, a price-to-earnings-growth ratio of 5.42 and a beta of 1.63. Kyndryl Holdings, Inc. has a 1-year low of $13.87 and a 1-year high of $28.60. The stock’s 50 day moving average price is $23.55 and its 200 day moving average price is $24.30. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.03 and a quick ratio of 1.03.

Kyndryl (NYSE:KD) last issued its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.78 billion. On average, sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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 for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Kyndryl has a consensus 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.