Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in Kyndryl Holdings, Inc. $KD

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 172.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,785 shares of the company’s stock after acquiring an additional 47,968 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Kyndryl were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KD. Smartleaf Asset Management LLC grew its stake in shares of Kyndryl by 192.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock worth $35,000 after purchasing an additional 770 shares in the last quarter. NBT Bank N A NY grew its stake in shares of Kyndryl by 3,220.0% during the fourth quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock worth $35,000 after purchasing an additional 1,288 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Kyndryl during the third quarter worth $40,000. Quent Capital LLC acquired a new position in shares of Kyndryl during the third quarter worth $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Kyndryl by 4,475.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,464 shares of the company’s stock worth $39,000 after purchasing an additional 1,432 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

NYSE KD opened at $11.82 on Tuesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.86 and a quick ratio of 0.86. Kyndryl Holdings, Inc. has a 1 year low of $10.10 and a 1 year high of $44.20. The company has a market capitalization of $2.66 billion, a PE ratio of 13.90 and a beta of 1.72. The company has a fifty day moving average of $13.06 and a two-hundred day moving average of $20.09.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.25). Kyndryl had a net margin of 1.31% and a return on equity of 20.29%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The business’s revenue was down .8% on a year-over-year basis. As a group, analysts expect that Kyndryl Holdings, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KD. Guggenheim downgraded shares of Kyndryl from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 10th. Zacks Research downgraded shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Oppenheimer reiterated a “market perform” rating on shares of Kyndryl in a research note on Monday, February 9th. JPMorgan Chase & Co. downgraded shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 target price for the company. in a research note on Monday, February 9th. Finally, Morgan Stanley lowered their target price on shares of Kyndryl from $28.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Kyndryl currently has a consensus rating of “Reduce” and an average target price of $22.57.

Kyndryl Company Profile

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.