Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 62.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,764 shares of the company's stock after selling 47,616 shares during the quarter. Pacer Advisors Inc.'s holdings in Kyndryl were worth $903,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Kyndryl during the first quarter worth $27,000. True Wealth Design LLC lifted its position in shares of 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 in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Kyndryl in the fourth quarter valued at $30,000. Hollencrest Capital Management lifted its position in shares of Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after acquiring an additional 778 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Kyndryl by 107.9% in the first quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock valued at $32,000 after acquiring an additional 530 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Susquehanna reduced their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Finally, Oppenheimer increased their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th.

Kyndryl Trading Down 3.6%

NYSE KD traded down $1.37 during trading hours on Friday, hitting $36.40. 1,763,120 shares of the company's stock were exchanged, compared to its average volume of 1,578,762. The business's 50 day moving average is $40.08 and its 200-day moving average is $37.25. Kyndryl Holdings, Inc. has a 12-month low of $21.34 and a 12-month high of $44.20. The firm has a market capitalization of $8.42 billion, a P/E ratio of 48.42, a price-to-earnings-growth ratio of 4.11 and a beta of 1.91. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.07 and a current ratio of 1.07.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The firm's revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, analysts anticipate 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 company'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 sale, the senior vice president directly owned 73,278 shares in the company, valued at $2,868,100.92. This represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is 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.