Comerica Bank Sells 274,770 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Comerica Bank reduced its stake in Kyndryl Holdings by 32.3%, selling 274,770 shares in the first quarter, leaving them with approximately 0.25% ownership of the company's stock valued at $18.1 million.
• Deutsche Bank AG significantly increased its holdings in Kyndryl by 95.9% during the fourth quarter, now owning over 2.1 million shares valued at $74.3 million.
• Kyndryl reported Q2 earnings of $0.37 EPS, exceeding estimates, with revenues totaling $3.74 billion, slightly below analysts’ expectations of $3.83 billion.

Comerica Bank cut its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 32.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 577,110 shares of the company's stock after selling 274,770 shares during the period. Comerica Bank owned about 0.25% of Kyndryl worth $18,121,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new stake in shares of Kyndryl in the first quarter worth $27,000. Hollencrest Capital Management boosted its position in Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after acquiring an additional 778 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Kyndryl during the fourth quarter valued at $30,000. True Wealth Design LLC boosted its position in Kyndryl by 150.6% during the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after acquiring an additional 524 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Kyndryl by 107.9% during the 1st quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock worth $32,000 after purchasing an additional 530 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KD has been the topic of several recent research reports. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Oppenheimer raised their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $46.00.

Insider Buying and Selling

In related news, SVP Vineet Khurana sold 26,451 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were 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 directly owned 73,278 shares of the company's stock, valued at approximately $2,868,100.92. This trade represents a 26.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company's stock.

Kyndryl Stock Performance

KD traded up $0.02 on Thursday, hitting $31.55. The company's stock had a trading volume of 1,378,914 shares, compared to its average volume of 3,863,747. The company's 50 day simple moving average is $36.64 and its 200-day simple moving average is $36.13. The firm has a market cap of $7.29 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 3.45 and a beta of 1.91. Kyndryl Holdings, Inc. has a 12 month low of $22.26 and a 12 month 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.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company 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%. Kyndryl's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS 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.