Ritholtz Wealth Management Purchases Shares of 15,792 Kyndryl Holdings, Inc. (NYSE:KD)

Ritholtz Wealth Management acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,792 shares of the company's stock, valued at approximately $496,000.

Other hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Kyndryl during the first quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Kyndryl in the fourth quarter worth about $30,000. True Wealth Design LLC increased its position in Kyndryl by 150.6% in 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. Versant Capital Management Inc increased its position in Kyndryl by 1,143.0% in the first quarter. Versant Capital Management Inc now owns 1,069 shares of the company's stock worth $34,000 after buying an additional 983 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Kyndryl in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Analyst Ratings Changes

KD has been the subject of a number of analyst reports. Susquehanna reduced their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Kyndryl from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Oppenheimer upped their price target on Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th.

Kyndryl Price Performance

Shares of NYSE:KD traded up $0.80 during trading on Monday, hitting $39.31. 1,628,872 shares of the company's stock were exchanged, compared to its average volume of 1,993,006. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.07 and a quick ratio of 1.07. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.61. The business's 50-day simple moving average is $36.84 and its 200 day simple moving average is $36.34. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 0.87 and a beta of 1.95.

Kyndryl (NYSE:KD - Get Free Report) last released its 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 15.97% and a net margin of 1.67%. The firm had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter last year, the business posted ($0.01) earnings per share. The firm's revenue was down 1.3% on a year-over-year basis. As a group, equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 73,278 shares in the company, valued at $2,868,100.92. This trade represents a 26.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by company 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.