Invesco Ltd. Sells 267,946 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Invesco Ltd. has decreased its stake in Kyndryl Holdings, Inc. by 11.4%, selling 267,946 shares during the first quarter, and now owns approximately 0.89% of the company valued at $65.25 million.
• Kyndryl's Senior Vice President, Vineet Khurana, sold 26,451 shares for over $1 million, resulting in a 26.52% decrease in his ownership.
• The company's stock price opened at $29.98 and has seen a one-year range between $22.26 and $44.20, reflecting current market volatility.

Invesco Ltd. decreased its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,078,196 shares of the company's stock after selling 267,946 shares during the period. Invesco Ltd. owned approximately 0.89% of Kyndryl worth $65,255,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new stake in Kyndryl during the first quarter valued at approximately $27,000. True Wealth Design LLC raised its holdings in shares of Kyndryl by 150.6% during the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after acquiring an additional 524 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Kyndryl in the 4th quarter valued at approximately $30,000. Hollencrest Capital Management raised its holdings in shares of Kyndryl by 637.7% during the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after purchasing an additional 778 shares in the last quarter. Finally, SSA Swiss Advisors AG bought a new stake in shares of Kyndryl during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Analysts Set New Price Targets

KD has been the subject of several research reports. Oppenheimer raised their price objective on shares of 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 downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Susquehanna lowered their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $46.00.

Kyndryl Stock Performance

KD traded up $0.26 during trading on Wednesday, hitting $30.30. 1,302,747 shares of the company traded hands, compared to its average volume of 2,358,146. Kyndryl Holdings, Inc. has a one year low of $22.26 and a one year high of $44.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. The stock's fifty day moving average is $37.90 and its 200 day moving average is $36.58. The firm has a market cap of $7.00 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 3.32 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The company's revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. As a group, equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Kyndryl

In related news, SVP Vineet Khurana sold 26,451 shares of the business's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.