10,661 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Acquired by Wedmont Private Capital

Wedmont Private Capital acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,661 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors have also recently modified their holdings of KD. Deutsche Bank AG raised its position in shares of Kyndryl by 1,266.6% during the 3rd quarter. Deutsche Bank AG now owns 4,865,411 shares of the company’s stock worth $73,468,000 after purchasing an additional 4,509,381 shares during the last quarter. Norges Bank acquired a new position in shares of Kyndryl during the 4th quarter worth approximately $54,283,000. Hennessy Advisors Inc. acquired a new position in Kyndryl in the 4th quarter valued at $28,992,000. Vanguard Group Inc. raised its holdings in Kyndryl by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 26,038,728 shares of the company’s stock valued at $393,185,000 after acquiring an additional 844,205 shares during the last quarter. Finally, Greenlight Capital Inc. raised its holdings in Kyndryl by 13.7% in the 4th quarter. Greenlight Capital Inc. now owns 6,356,069 shares of the company’s stock valued at $132,079,000 after acquiring an additional 767,943 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on KD. Scotiabank upped their price objective on Kyndryl from $28.00 to $30.00 and gave the stock a “sector outperform” rating in a report on Monday, May 13th. Susquehanna upped their price objective on Kyndryl from $27.00 to $33.00 and gave the stock a “positive” rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.50.

Kyndryl Stock Down 0.2 %

NYSE:KD opened at $25.52 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $24.37 and a two-hundred day moving average of $22.16. Kyndryl Holdings, Inc. has a 1-year low of $11.92 and a 1-year high of $28.60.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Kyndryl had a negative net margin of 2.12% and a negative return on equity of 4.11%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS. As a group, equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 30,430 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $26.36, for a total value of $802,134.80. Following the sale, the senior vice president now owns 78,722 shares in the company, valued at approximately $2,075,111.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.04% of the stock is currently owned by corporate insiders.

Kyndryl Company 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.