Quintet Private Bank Europe S.A. Has $483,000 Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Quintet Private Bank Europe S.A. trimmed its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 62.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,377 shares of the company's stock after selling 25,700 shares during the period. Quintet Private Bank Europe S.A.'s holdings in Kyndryl were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of KD. Empowered Funds LLC acquired a new position in shares of Kyndryl in the 4th quarter valued at about $236,000. Stephens Inc. AR purchased a new position in Kyndryl during the fourth quarter valued at approximately $1,097,000. Savant Capital LLC acquired a new position in Kyndryl in the 4th quarter valued at approximately $595,000. Louisiana State Employees Retirement System lifted its position in Kyndryl by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company's stock worth $2,232,000 after buying an additional 400 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Kyndryl in the 4th quarter worth approximately $200,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on KD. Oppenheimer boosted their price target on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Susquehanna reduced their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd.

Kyndryl Stock Up 2.5%

NYSE:KD traded up $0.99 during trading hours on Monday, reaching $40.24. The company's stock had a trading volume of 1,453,010 shares, compared to its average volume of 1,996,418. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 73.17, a price-to-earnings-growth ratio of 10.84 and a beta of 1.95. Kyndryl Holdings, Inc. has a one year low of $21.34 and a one year high of $43.61. The business's 50-day moving average is $35.64 and its 200-day moving average is $36.12.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company posted ($0.01) EPS. The firm's revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Insider Activity

In other news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction dated 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 now directly owns 73,278 shares in the company, valued at approximately $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.04% of the company's stock.

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.