Nisa Investment Advisors LLC Has $3.19 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in Kyndryl by 26.2% during the 4th quarter. Jones Financial Companies Lllp now owns 5,134 shares of the company's stock worth $178,000 after purchasing an additional 1,065 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Kyndryl in the fourth quarter worth $515,000. Raymond James Financial Inc. bought a new stake in shares of Kyndryl in the fourth quarter worth $11,359,000. PNC Financial Services Group Inc. boosted its holdings in Kyndryl by 41.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 35,148 shares of the company's stock worth $1,216,000 after purchasing an additional 10,283 shares during the period. Finally, Amundi boosted its holdings in Kyndryl by 65.4% in the fourth quarter. Amundi now owns 223,594 shares of the company's stock worth $8,434,000 after purchasing an additional 88,404 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Insider Activity

In related news, SVP Vineet Khurana sold 26,451 shares of the 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 transaction, the senior vice president owned 73,278 shares in the company, valued at approximately $2,868,100.92. This represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KD. Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday. Susquehanna reduced their price objective 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. Finally, Oppenheimer upped 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.

Kyndryl Trading Down 4.3%

KD stock traded down $1.78 during mid-day trading on Friday, reaching $39.80. 1,881,209 shares of the stock traded hands, compared to its average volume of 2,025,726. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.29. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $44.20. The company has a market cap of $9.21 billion, a P/E ratio of 38.64, a P/E/G ratio of 0.89 and a beta of 1.93. The stock's fifty day moving average is $39.93 and its 200-day moving average is $37.02.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. The firm's revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. As a group, sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current 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.