Mitsubishi UFJ Asset Management Co. Ltd. Acquires 14,568 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 63.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,681 shares of the company's stock after purchasing an additional 14,568 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Kyndryl were worth $1,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new position in shares of Kyndryl during the 1st quarter worth $27,000. True Wealth Design LLC lifted its stake in shares of Kyndryl by 150.6% during the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after buying an additional 524 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Kyndryl during the 4th quarter valued at $30,000. Hollencrest Capital Management lifted its stake in shares of Kyndryl by 637.7% during the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after buying an additional 778 shares in the last quarter. Finally, SSA Swiss Advisors AG purchased a new position in shares of Kyndryl during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Insider Transactions at Kyndryl

In other news, SVP Vineet Khurana sold 26,451 shares of the business's stock in a transaction dated 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 sale, the senior vice president directly owned 73,278 shares in the company, valued at $2,868,100.92. The trade was a 26.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company's stock.

Kyndryl Price Performance

NYSE KD traded down $0.11 on Friday, reaching $29.98. The company had a trading volume of 3,304,826 shares, compared to its average volume of 3,428,587. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $6.93 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 3.29 and a beta of 1.91. The firm's 50 day moving average price is $38.31 and its 200 day moving average price is $36.70. Kyndryl Holdings, Inc. has a 12 month low of $22.26 and a 12 month high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $3.74 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. As a group, equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Susquehanna lowered their target price on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Finally, Oppenheimer lifted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th.

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.