AYAL Capital Advisors Ltd Acquires New Stake in Kyndryl Holdings, Inc. $KD

AYAL Capital Advisors Ltd acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 190,000 shares of the company’s stock, valued at approximately $5,046,000. Kyndryl accounts for 1.8% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 16th biggest holding. AYAL Capital Advisors Ltd owned 0.08% of Kyndryl as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Kyndryl by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 28,331,302 shares of the company’s stock valued at $752,479,000 after acquiring an additional 144,625 shares during the period. AQR Capital Management LLC increased its position in shares of Kyndryl by 53.9% during the fourth quarter. AQR Capital Management LLC now owns 6,443,037 shares of the company’s stock worth $170,934,000 after acquiring an additional 2,255,860 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Kyndryl by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,443 shares of the company’s stock worth $124,420,000 after acquiring an additional 76,614 shares during the period. Geode Capital Management LLC increased its position in shares of Kyndryl by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,456,962 shares of the company’s stock worth $118,997,000 after acquiring an additional 63,846 shares during the period. Finally, Sound Shore Management Inc. CT increased its position in shares of Kyndryl by 46.1% during the fourth quarter. Sound Shore Management Inc. CT now owns 2,974,223 shares of the company’s stock worth $78,995,000 after acquiring an additional 939,154 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Trading Down 4.9%

Shares of NYSE KD opened at $11.44 on Thursday. 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 capitalization of $2.52 billion, a P/E ratio of 13.46 and a beta of 1.66. Kyndryl Holdings, Inc. has a 1-year low of $10.10 and a 1-year high of $44.20. The business has a fifty day moving average price of $12.57 and a 200 day moving average price of $17.32.

Kyndryl (NYSE:KD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.25). The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Kyndryl had a return on equity of 20.43% and a net margin of 1.31%.The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Equities research analysts expect that Kyndryl Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on KD. BMO Capital Markets began coverage on shares of Kyndryl in a research report on Monday, April 20th. They set a “market perform” rating and a $15.00 target price on the stock. Morgan Stanley lowered their target price on 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 reiterated a “sell (d+)” rating on shares of Kyndryl in a report on Monday. Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Finally, Scotiabank lowered their target price on Kyndryl from $16.50 to $15.00 and set a “sector perform” rating for the company in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price 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.