Informed Momentum Co LLC Trims Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Key Points

• Informed Momentum Co LLC reduced its stake in Kyndryl Holdings by 20.2%, selling 31,405 shares and now holding 124,107 shares valued at approximately $3.9 million.
• Analysts have mixed views on Kyndryl, with Oppenheimer raising its price target to $55.00 while Wall Street Zen downgraded it from "strong-buy" to "buy."
• Kyndryl reported $0.37 earnings per share (EPS), slightly beating expectations, but its quarterly revenue of $3.74 billion was below analysts' forecasts of $3.83 billion.

Informed Momentum Co LLC lessened its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 20.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,107 shares of the company's stock after selling 31,405 shares during the quarter. Informed Momentum Co LLC owned 0.05% of Kyndryl worth $3,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of KD. Envestnet Asset Management Inc. grew its stake in Kyndryl by 64.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 48,729 shares of the company's stock valued at $1,686,000 after purchasing an additional 19,079 shares during the period. Federated Hermes Inc. grew its stake in shares of Kyndryl by 10.5% during the 4th quarter. Federated Hermes Inc. now owns 44,593 shares of the company's stock worth $1,543,000 after acquiring an additional 4,228 shares during the period. Cerity Partners LLC grew its stake in shares of Kyndryl by 58.2% during the 4th quarter. Cerity Partners LLC now owns 50,933 shares of the company's stock worth $1,677,000 after acquiring an additional 18,746 shares during the period. Invesco Ltd. grew its stake in shares of Kyndryl by 39.9% during the 4th quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock worth $81,177,000 after acquiring an additional 669,097 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Kyndryl by 9.4% during the 4th 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 period. Institutional investors own 71.53% of the company's stock.

Insider Buying and Selling

In other news, SVP Vineet Khurana sold 26,451 shares of the business's stock in a transaction on 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 completion of the transaction, the senior vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company's stock.

Kyndryl Stock Down 1.4%

Shares of NYSE KD traded down $0.42 during mid-day trading on Thursday, hitting $30.13. 3,579,348 shares of the stock traded hands, compared to its average volume of 2,351,734. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. Kyndryl Holdings, Inc. has a 52 week low of $22.26 and a 52 week high of $44.20. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.22 and a beta of 1.91. The stock has a fifty day moving average price of $38.71 and a 200-day moving average price of $36.81.

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

Wall Street Analyst Weigh In

KD has been the subject of several research reports. Susquehanna cut 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. Wall Street Zen downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Oppenheimer raised 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.

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.