Cerity Partners LLC Buys 12,224 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Cerity Partners LLC raised its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,157 shares of the company's stock after purchasing an additional 12,224 shares during the quarter. Cerity Partners LLC's holdings in Kyndryl were worth $1,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in Kyndryl by 105.5% in the 4th 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 raised its holdings in shares of Kyndryl by 123.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after acquiring an additional 2,033,549 shares in the last quarter. Deutsche Bank AG increased its position in shares of Kyndryl by 95.9% during the 4th quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after purchasing an additional 1,050,856 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Kyndryl by 180.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock valued at $46,082,000 after acquiring an additional 856,629 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new position in shares of Kyndryl during the 4th quarter worth $26,085,000. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Price Performance

Shares of NYSE KD traded down $2.18 during trading on Thursday, hitting $36.88. The company had a trading volume of 709,378 shares, compared to its average volume of 2,152,833. The business's 50-day moving average is $40.30 and its 200 day moving average is $37.22. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.07 and a current ratio of 1.07. Kyndryl Holdings, Inc. has a 52 week low of $21.34 and a 52 week high of $44.20. The company has a market cap of $8.53 billion, a P/E ratio of 35.87, a PEG ratio of 0.87 and a beta of 1.93.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. The firm had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same period in the prior year, the company posted ($0.01) earnings per share. Kyndryl's revenue for the quarter was down 1.3% on a year-over-year basis. Equities research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Transactions at Kyndryl

In other news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction that occurred on 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 sale, the senior vice president directly owned 73,278 shares of the company's stock, valued at $2,868,100.92. This represents 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. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Oppenheimer raised their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Susquehanna cut their target price 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 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.