Natixis Advisors LLC Increases Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Key Points

• Natixis Advisors LLC increased their holdings in Kyndryl Holdings by 17.9%, acquiring an additional 9,610 shares, bringing their total to 63,347 shares valued at approximately $1,989,000.
• Multiple institutional investors, including Hollencrest Capital Management and True Wealth Design LLC, significantly boosted their stakes in Kyndryl during the first quarter, indicating growing institutional interest.
• After reporting earnings of $0.37 per share for the latest quarter, Kyndryl surpassed analyst expectations, although the company's quarterly revenue was slightly below forecasts at $3.74 billion.

Natixis Advisors LLC raised its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,347 shares of the company's stock after acquiring an additional 9,610 shares during the period. Natixis Advisors LLC's holdings in Kyndryl were worth $1,989,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new position in shares of Kyndryl in the first quarter valued at approximately $27,000. True Wealth Design LLC grew its position in shares of Kyndryl by 150.6% during the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after buying an additional 524 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Kyndryl during the fourth quarter worth about $30,000. Hollencrest Capital Management grew its position in shares of Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock worth $28,000 after buying an additional 778 shares in the last quarter. Finally, SSA Swiss Advisors AG purchased a new stake in shares of Kyndryl in the 1st quarter valued at approximately $32,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Price Performance

Kyndryl stock traded up $0.64 during mid-day trading on Wednesday, hitting $30.24. 1,622,157 shares of the company were exchanged, compared to its average volume of 2,329,732. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. The business's 50 day simple moving average is $38.89 and its two-hundred day simple moving average is $36.85. The company has a market capitalization of $6.99 billion, a P/E ratio of 25.00, a PEG ratio of 3.17 and a beta of 1.91. 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 issued its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the company posted $0.13 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. Analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on KD shares. Oppenheimer increased their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Susquehanna reduced their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction on 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 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 sale was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate 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.