Focus Partners Wealth Makes New $669,000 Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Focus Partners Wealth acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,268 shares of the company's stock, valued at approximately $669,000.

A number of other large investors have also recently made changes to their positions in the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Kyndryl during the fourth quarter valued at about $30,000. Millstone Evans Group LLC bought a new stake in Kyndryl during the 4th quarter valued at approximately $35,000. Picton Mahoney Asset Management purchased a new position in shares of Kyndryl during the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC raised its holdings in Kyndryl by 35.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after acquiring an additional 297 shares during the last quarter. Finally, Sandy Spring Bank raised its holdings in Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock worth $52,000 after acquiring an additional 442 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Trading Down 1.2%

Kyndryl stock traded down $0.48 during midday trading on Friday, reaching $38.87. The stock had a trading volume of 1,089,385 shares, compared to its average volume of 2,019,559. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 70.67, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The company has a fifty day moving average of $33.43 and a 200 day moving average of $35.15.

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

Analyst Ratings Changes

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

Kyndryl 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.