Handelsbanken Fonder AB Buys 13,100 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Handelsbanken Fonder AB increased its position in Kyndryl Holdings, Inc. (NYSE:KD) by 30.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,600 shares of the company’s stock after buying an additional 13,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kyndryl were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of KD. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl in the 1st quarter worth about $26,000. ORG Partners LLC boosted its stake in shares of Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after buying an additional 1,220 shares during the last quarter. Fortis Group Advisors LLC grew its stake in shares of Kyndryl by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock valued at $33,000 after purchasing an additional 800 shares during the period. Atlas Capital Advisors LLC bought a new stake in Kyndryl during the first quarter valued at approximately $33,000. Finally, Headlands Technologies LLC grew its position in shares of Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after acquiring an additional 554 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 0.9 %

Shares of NYSE KD opened at $24.79 on Friday. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of -30.23, a P/E/G ratio of 5.42 and a beta of 1.63. Kyndryl Holdings, Inc. has a 12-month low of $13.87 and a 12-month high of $28.60. The firm’s 50-day moving average price is $23.24 and its 200-day moving average price is $24.12. 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 announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $3.74 billion during 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%. On average, equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer began coverage on shares of Kyndryl in a research note on Thursday, June 27th. They issued an “outperform” rating and a $33.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.