Nisa Investment Advisors LLC Sells 10,000 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Nisa Investment Advisors LLC cut its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,540 shares of the company's stock after selling 10,000 shares during the period. Nisa Investment Advisors LLC's holdings in Kyndryl were worth $3,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its stake in shares of Kyndryl by 9.4% in the fourth quarter. Bessemer Group Inc. now owns 2,881 shares of the company's stock worth $99,000 after purchasing an additional 247 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after purchasing an additional 297 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Kyndryl by 0.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company's stock valued at $1,775,000 after purchasing an additional 332 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Kyndryl by 19.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company's stock valued at $78,000 after purchasing an additional 370 shares during the period. Finally, Sandy Spring Bank boosted its stake in Kyndryl by 41.2% during the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after purchasing an additional 442 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KD has been the subject of a number of research reports. Oppenheimer increased their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Susquehanna dropped their target price 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.

Kyndryl Price Performance

Shares of Kyndryl stock traded down $0.38 during mid-day trading on Wednesday, reaching $38.88. 1,386,157 shares of the stock were exchanged, compared to its average volume of 2,021,642. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 37.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.29. The firm has a 50-day simple moving average of $40.17 and a 200 day simple moving average of $37.08. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 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 for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company's revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

About Kyndryl

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.