Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 14.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,829 shares of the company’s stock after purchasing an additional 2,334 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Kyndryl were worth $495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC increased its position in Kyndryl by 240.7% during the 1st 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 in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Kyndryl by 11.8% during the 1st quarter. Bleakley Financial Group LLC now owns 15,307 shares of the company’s stock valued at $333,000 after buying an additional 1,621 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Kyndryl by 23.4% during the 1st 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 last quarter. SG Americas Securities LLC purchased a new position in shares of Kyndryl during the 2nd quarter valued at approximately $1,418,000. Finally, Greenlight Capital Inc. lifted its stake in Kyndryl by 13.7% during the fourth quarter. Greenlight Capital Inc. now owns 6,356,069 shares of the company’s stock worth $132,079,000 after purchasing an additional 767,943 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Ratings Changes

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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $29.40.

Kyndryl Price Performance

NYSE:KD opened at $23.01 on Friday. The business’s 50-day moving average price is $23.79 and its 200 day moving average price is $24.00. The firm has a market cap of $5.32 billion, a P/E ratio of -15.44, a PEG ratio of 5.32 and a beta of 1.64. Kyndryl Holdings, Inc. has a 52-week low of $13.87 and a 52-week high of $28.60. 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 (NYSE:KD) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. As a group, sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

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.