Bank of New York Mellon Corp Has $59.13 Million Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Bank of New York Mellon Corp boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,883,002 shares of the company's stock after purchasing an additional 31,644 shares during the period. Bank of New York Mellon Corp owned 0.81% of Kyndryl worth $59,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Kyndryl in the 1st quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Kyndryl in the 4th quarter valued at $30,000. True Wealth Design LLC increased its stake in shares of Kyndryl by 150.6% in the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after buying an additional 524 shares during the period. Private Trust Co. NA increased its stake in shares of Kyndryl by 107.9% in the 1st quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock valued at $32,000 after buying an additional 530 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Kyndryl by 1,143.0% in the 1st quarter. Versant Capital Management Inc now owns 1,069 shares of the company's stock valued at $34,000 after buying an additional 983 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Susquehanna lowered their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer lifted their price objective on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

Insider Transactions at Kyndryl

In other news, SVP Vineet Khurana sold 26,451 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $39.14, for a total value of $1,035,292.14. Following the sale, the senior vice president directly owned 73,278 shares in the company, valued at $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Kyndryl Stock Down 4.3%

NYSE:KD opened at $39.80 on Friday. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $44.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.29. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 0.93 and a beta of 1.93. The stock has a 50-day moving average price of $39.93 and a two-hundred day moving average price of $37.00.

Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The firm had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same period in the previous year, the firm earned ($0.01) earnings per share. The company's revenue was down 1.3% on a year-over-year basis. As a group, equities analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

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.

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