GW&K Investment Management LLC Sells 26,870 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

GW&K Investment Management LLC lowered its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 727,788 shares of the company's stock after selling 26,870 shares during the quarter. GW&K Investment Management LLC owned about 0.31% of Kyndryl worth $22,853,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KD. FMR LLC grew its holdings in shares of Kyndryl by 105.5% during the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after buying an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after purchasing an additional 2,033,549 shares during the period. Deutsche Bank AG grew its holdings in Kyndryl by 95.9% during the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock worth $74,287,000 after purchasing an additional 1,050,856 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Kyndryl by 180.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock worth $46,082,000 after acquiring an additional 856,629 shares during the period. Finally, Maple Rock Capital Partners Inc. bought a new stake in shares of Kyndryl during the fourth quarter worth approximately $26,085,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KD. Oppenheimer upped their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Susquehanna dropped their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd.

Kyndryl Trading Up 1.2%

NYSE KD traded up $0.47 on Friday, reaching $38.78. The company had a trading volume of 433,969 shares, compared to its average volume of 2,160,259. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day moving average of $40.26 and a two-hundred day moving average of $37.22. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $44.20. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 0.88 and a beta of 1.93.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, hitting 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 the consensus estimate of $3.77 billion. During the same period last year, the business posted ($0.01) EPS. The business's revenue was down 1.3% compared to the same quarter last year. Analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction dated 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 transaction, the senior vice president owned 73,278 shares of the company's stock, valued at $2,868,100.92. This represents a 26.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company's stock.

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.