Alpha Omega Wealth Management LLC Trims Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Alpha Omega Wealth Management LLC reduced its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 55.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 34,199 shares of the company's stock after selling 41,979 shares during the period. Alpha Omega Wealth Management LLC's holdings in Kyndryl were worth $1,074,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KD. True Wealth Design LLC grew its holdings in shares of Kyndryl by 150.6% during the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after purchasing an additional 524 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Kyndryl during the fourth quarter valued at about $30,000. Millstone Evans Group LLC purchased a new position in shares of Kyndryl in the fourth quarter worth about $35,000. Versant Capital Management Inc increased its stake in Kyndryl by 1,143.0% in the 1st quarter. Versant Capital Management Inc now owns 1,069 shares of the company's stock worth $34,000 after purchasing an additional 983 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Kyndryl during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Wall Street Analyst Weigh In

KD has been the topic of several research analyst reports. Oppenheimer boosted their target price on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Susquehanna dropped their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th.

Kyndryl Stock Up 0.0%

Shares of KD traded up $0.02 during mid-day trading on Thursday, reaching $40.39. The company had a trading volume of 452,208 shares, compared to its average volume of 1,994,484. The firm has a 50-day moving average price of $35.16 and a 200 day moving average price of $36.02. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 73.44, a price-to-earnings-growth ratio of 10.84 and a beta of 1.95. Kyndryl Holdings, Inc. has a 52 week low of $21.34 and a 52 week high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The firm had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the completion of the sale, the senior vice president now directly owns 73,278 shares in the company, valued at approximately $2,868,100.92. The trade was a 26.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company's stock.

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.