First Hawaiian Bank Makes New $923,000 Investment in Kyndryl Holdings, Inc. (NYSE:KD)

First Hawaiian Bank purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 29,389 shares of the company's stock, valued at approximately $923,000.

Several other institutional investors have also modified their holdings of KD. American Century Companies Inc. boosted its position in shares of Kyndryl by 15.1% during the 4th quarter. American Century Companies Inc. now owns 372,642 shares of the company's stock worth $12,893,000 after acquiring an additional 48,809 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Kyndryl during the fourth quarter worth approximately $515,000. Barclays PLC lifted its stake in Kyndryl by 49.2% during the third quarter. Barclays PLC now owns 255,958 shares of the company's stock worth $5,882,000 after purchasing an additional 84,347 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Kyndryl in the fourth quarter valued at approximately $11,359,000. Finally, Stephens Inc. AR purchased a new position in Kyndryl in the fourth quarter valued at approximately $1,097,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KD. Oppenheimer upped their target price on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Susquehanna decreased their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd.

Insider Buying and Selling

In other news, SVP Vineet Khurana sold 26,451 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was 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 $2,868,100.92. This trade represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.04% of the company's stock.

Kyndryl Price Performance

KD stock traded down $0.13 during midday trading on Wednesday, hitting $39.59. 1,218,373 shares of the stock were exchanged, compared to its average volume of 2,012,710. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 71.98, a PEG ratio of 10.84 and a beta of 1.95. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $43.61. The stock's 50-day moving average price is $34.27 and its 200-day moving average price is $35.67.

Kyndryl (NYSE:KD - Get Free Report) last released 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. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The firm's quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. Research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

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.