Avior Wealth Management LLC Sells 8,372 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

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

Several other institutional investors have also recently made changes to their positions in KD. Opal Wealth Advisors LLC bought a new position in Kyndryl in the first quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Kyndryl in the fourth quarter valued at $30,000. True Wealth Design LLC increased its stake 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 acquiring an additional 524 shares during the last quarter. Versant Capital Management Inc increased its stake in Kyndryl by 1,143.0% in the first quarter. Versant Capital Management Inc now owns 1,069 shares of the company's stock valued at $34,000 after acquiring an additional 983 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in Kyndryl in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KD. Susquehanna reduced their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen raised Kyndryl from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Oppenheimer raised their price objective on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 26,451 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the completion of the transaction, the senior vice president now owns 73,278 shares in the company, valued at $2,868,100.92. This trade represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Kyndryl Stock Up 2.1%

Shares of Kyndryl stock traded up $0.80 during midday trading on Monday, hitting $39.31. The company had a trading volume of 1,628,872 shares, compared to its average volume of 1,993,007. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $9.10 billion, a P/E ratio of 38.17, a P/E/G ratio of 0.87 and a beta of 1.95. The company has a 50 day moving average of $36.84 and a 200 day moving average of $36.34. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61.

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

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.