Hsbc Holdings PLC Has $6.56 Million Stake in Kyndryl Holdings, Inc. $KD

Hsbc Holdings PLC raised its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 421.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 248,130 shares of the company’s stock after purchasing an additional 200,522 shares during the quarter. Hsbc Holdings PLC owned approximately 0.11% of Kyndryl worth $6,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KD. Los Angeles Capital Management LLC bought a new stake in shares of Kyndryl during the fourth quarter worth $29,000. Quarry LP acquired a new position in Kyndryl during the 4th quarter worth about $31,000. NBT Bank N A NY lifted its position in Kyndryl by 3,220.0% during the 4th quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock worth $35,000 after buying an additional 1,288 shares in the last quarter. Optiver Holding B.V. bought a new stake in Kyndryl during the 3rd quarter worth about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Kyndryl by 4,475.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,464 shares of the company’s stock worth $39,000 after acquiring an additional 1,432 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Up 4.9%

Shares of NYSE:KD opened at $11.32 on Friday. Kyndryl Holdings, Inc. has a one year low of $10.10 and a one year high of $44.20. The company has a 50 day moving average of $12.29 and a 200-day moving average of $16.64. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 13.32 and a beta of 1.66.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.18 earnings per share 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 20.43%. The business 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 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 1.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Susquehanna cut shares of Kyndryl from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $13.00 in a research report on Thursday, May 21st. Wall Street Zen cut shares of Kyndryl from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley lowered their price target on shares of Kyndryl from $28.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, March 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Kyndryl in a research report on Monday, June 15th. Finally, Scotiabank reduced their price objective on Kyndryl from $16.50 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, May 8th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Kyndryl presently has an average rating of “Reduce” and a consensus price target of $22.14.

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.