Silverberg Bernstein Capital Management LLC Buys 480 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Silverberg Bernstein Capital Management LLC grew its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,020 shares of the company’s stock after acquiring an additional 480 shares during the period. Silverberg Bernstein Capital Management LLC’s holdings in Kyndryl were worth $828,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KD. Tidal Investments LLC grew its holdings in Kyndryl by 240.7% during 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 period. Bleakley Financial Group LLC grew its holdings in Kyndryl by 11.8% during the first quarter. Bleakley Financial Group LLC now owns 15,307 shares of the company’s stock worth $333,000 after purchasing an additional 1,621 shares during the period. Sei Investments Co. grew its holdings in Kyndryl by 23.4% during the first quarter. Sei Investments Co. now owns 260,771 shares of the company’s stock worth $5,674,000 after purchasing an additional 49,520 shares during the period. SG Americas Securities LLC bought a new position in Kyndryl during the second quarter worth about $1,418,000. Finally, Greenlight Capital Inc. grew its holdings 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 period. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of NYSE:KD traded up $0.53 during trading on Friday, reaching $23.63. 1,361,343 shares of the stock were exchanged, compared to its average volume of 1,672,661. Kyndryl Holdings, Inc. has a 12 month low of $13.87 and a 12 month high of $28.60. The firm has a market cap of $5.45 billion, a PE ratio of -15.86, a PEG ratio of 5.32 and a beta of 1.63. The stock has a 50-day moving average price of $23.38 and a 200-day moving average price of $24.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.82.

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

Analysts Set New Price Targets

Separately, Oppenheimer initiated coverage on Kyndryl in a report on Thursday, June 27th. They set an “outperform” rating and a $33.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Kyndryl currently has a consensus rating of “Buy” and a consensus price target of $29.40.

Kyndryl Company 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.