Algert Global LLC Sells 19,820 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Algert Global LLC decreased its position in Kyndryl Holdings, Inc. by 43.9% in the first quarter, holding 25,346 shares worth approximately $796,000 after selling 19,820 shares.
• Other institutional investors also made moves, with Opal Wealth Advisors LLC purchasing a new stake worth about $27,000 and Hollencrest Capital Management increasing their stake by 637.7%.
• Kyndryl's latest quarterly earnings showed a profit of $0.37 per share, surpassing estimates, while revenue was slightly lower than expected at $3.74 billion.

Algert Global LLC trimmed its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 43.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,346 shares of the company's stock after selling 19,820 shares during the period. Algert Global LLC's holdings in Kyndryl were worth $796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Kyndryl in the first quarter valued at $27,000. True Wealth Design LLC increased its holdings in Kyndryl by 150.6% in the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after purchasing an additional 524 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Kyndryl in the fourth quarter valued at $30,000. Hollencrest Capital Management increased its holdings in Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after purchasing an additional 778 shares during the period. Finally, SSA Swiss Advisors AG acquired a new stake in Kyndryl in the first quarter valued at $32,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Kyndryl Trading Up 0.9%

Kyndryl stock traded up $0.29 during trading hours on Friday, reaching $31.80. 1,723,127 shares of the company's stock were exchanged, compared to its average volume of 3,859,277. The firm has a market capitalization of $7.35 billion, a PE ratio of 26.28, a PEG ratio of 3.44 and a beta of 1.91. The firm's 50 day simple moving average is $36.50 and its 200 day simple moving average is $36.07. 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 Holdings, Inc. has a twelve month low of $22.26 and a twelve month high of $44.20.

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

Insider Activity

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. 1.90% of the stock is owned by company insiders.

Kyndryl Company 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.