Kyndryl Holdings, Inc. (NYSE:KD) Stake Reduced by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 45.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,911 shares of the company's stock after selling 8,372 shares during the quarter. Avior Wealth Management LLC's holdings in Kyndryl were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Kyndryl by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock valued at $964,434,000 after buying an additional 79,575 shares during the last quarter. FMR LLC lifted its position in shares of Kyndryl by 105.5% in the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock valued at $429,332,000 after acquiring an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after acquiring an additional 2,033,549 shares during the last quarter. GMT Capital Corp boosted its stake in shares of Kyndryl by 16.4% during the fourth quarter. GMT Capital Corp now owns 2,973,560 shares of the company's stock valued at $102,885,000 after acquiring an additional 418,900 shares during the last quarter. Finally, Invesco Ltd. increased its position in 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 purchasing an additional 669,097 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Up 1.4%

Shares of KD traded up $0.56 during midday trading on Thursday, hitting $41.83. The company had a trading volume of 2,018,624 shares, compared to its average volume of 2,003,542. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 0.93 and a beta of 1.95. Kyndryl Holdings, Inc. has a 52 week low of $21.34 and a 52 week high of $43.61. The company's 50 day moving average price is $37.54 and its 200 day moving average price is $36.45. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.29.

Kyndryl (NYSE:KD - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm earned ($0.01) EPS. The business's revenue was down 1.3% on a year-over-year basis. On average, equities research analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

KD has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Wall Street Zen raised shares of Kyndryl from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Finally, Susquehanna lowered their target price 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.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of Kyndryl 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 transaction, the senior vice president now directly owns 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by 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.