Deutsche Bank AG Has $37.64 Million Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Deutsche Bank AG trimmed its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 44.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,198,681 shares of the company's stock after selling 948,328 shares during the period. Deutsche Bank AG owned 0.52% of Kyndryl worth $37,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bessemer Group Inc. grew its position in shares of Kyndryl by 9.4% during the fourth quarter. Bessemer Group Inc. now owns 2,881 shares of the company's stock worth $99,000 after acquiring an additional 247 shares during the last quarter. Greenleaf Trust grew its position in shares of Kyndryl by 5.3% during the first quarter. Greenleaf Trust now owns 9,008 shares of the company's stock worth $283,000 after acquiring an additional 450 shares during the last quarter. Xponance Inc. grew its position in Kyndryl by 1.9% in the 1st quarter. Xponance Inc. now owns 27,124 shares of the company's stock valued at $852,000 after buying an additional 512 shares in the last quarter. Smithfield Trust Co grew its position in Kyndryl by 35.5% in the 1st quarter. Smithfield Trust Co now owns 1,953 shares of the company's stock valued at $62,000 after buying an additional 512 shares in the last quarter. Finally, True Wealth Design LLC grew its position in 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 in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Price Performance

NYSE KD traded down $0.11 on Friday, reaching $29.98. The company's stock had a trading volume of 3,304,826 shares, compared to its average volume of 3,428,587. Kyndryl Holdings, Inc. has a twelve month low of $22.26 and a twelve month high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $6.93 billion, a PE ratio of 24.78, a PEG ratio of 3.29 and a beta of 1.91. The firm's 50 day moving average is $38.31 and its two-hundred day moving average is $36.70.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the company earned $0.13 EPS. Kyndryl's revenue was up .1% on a year-over-year basis. As a group, sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In other news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total value of $1,035,292.14. Following the completion of the sale, the senior vice president directly owned 73,278 shares of the company's stock, valued at $2,868,100.92. This represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KD shares. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Susquehanna decreased their target price on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, Oppenheimer upped their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th.

About Kyndryl

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.