Amalgamated Bank Has $3.62 Million Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Amalgamated Bank grew its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 173,989 shares of the company’s stock after buying an additional 1,859 shares during the period. Amalgamated Bank owned approximately 0.08% of Kyndryl worth $3,615,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Kyndryl by 3.4% during the third quarter. Vanguard Group Inc. now owns 26,038,728 shares of the company’s stock worth $393,185,000 after purchasing an additional 844,205 shares during the period. Deutsche Bank AG grew its position in Kyndryl by 1,266.6% in the third quarter. Deutsche Bank AG now owns 4,865,411 shares of the company’s stock valued at $73,468,000 after acquiring an additional 4,509,381 shares during the period. Cooper Creek Partners Management LLC raised its stake in Kyndryl by 82.4% during the third quarter. Cooper Creek Partners Management LLC now owns 2,446,117 shares of the company’s stock worth $36,936,000 after acquiring an additional 1,105,369 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Kyndryl by 1.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,068,425 shares of the company’s stock valued at $31,233,000 after acquiring an additional 20,550 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Kyndryl by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 2,036,088 shares of the company’s stock valued at $30,745,000 after acquiring an additional 78,480 shares during the period. Institutional investors own 71.53% of the company’s stock.

Analysts Set New Price Targets

Separately, Susquehanna increased their target price on shares of Kyndryl from $27.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday.

Kyndryl Trading Down 0.7 %

KD stock opened at $26.38 on Friday. The business has a fifty day moving average price of $21.37 and a 200 day moving average price of $20.00. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.94 and a quick ratio of 0.94. Kyndryl Holdings, Inc. has a fifty-two week low of $11.35 and a fifty-two week high of $26.70. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of -5.82, a P/E/G ratio of 5.79 and a beta of 1.57.

Kyndryl (NYSE:KD) last announced its earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the business earned ($0.21) earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Analysts expect that Kyndryl Holdings, Inc. will post -0.57 EPS 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.