27,476 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,476 shares of the company's stock, valued at approximately $863,000.

A number of other hedge funds have also recently made changes to their positions in the business. American Century Companies Inc. raised its stake in Kyndryl by 15.1% during the 4th quarter. American Century Companies Inc. now owns 372,642 shares of the company's stock valued at $12,893,000 after purchasing an additional 48,809 shares during the period. Proficio Capital Partners LLC purchased a new stake in Kyndryl during the 4th quarter valued at approximately $515,000. Raymond James Financial Inc. bought a new stake in shares of Kyndryl during the fourth quarter valued at approximately $11,359,000. IFP Advisors Inc lifted its holdings in shares of Kyndryl by 56.4% in the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company's stock worth $85,000 after buying an additional 886 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Kyndryl by 4.8% during the fourth quarter. HighTower Advisors LLC now owns 31,109 shares of the company's stock worth $1,076,000 after acquiring an additional 1,432 shares during the last quarter. Institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

Shares of KD stock traded down $1.69 on Friday, reaching $38.52. The company's stock had a trading volume of 3,047,561 shares, compared to its average volume of 1,994,465. The stock's fifty day simple moving average is $36.65 and its 200-day simple moving average is $36.29. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $43.61. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 0.87 and a beta of 1.95. 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 (NYSE:KD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned ($0.01) earnings per share. Kyndryl's quarterly revenue was down 1.3% compared to the same quarter last year. Analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction 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 sale, the senior vice president now owns 73,278 shares in the company, valued at approximately $2,868,100.92. This represents a 26.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.04% of the stock is currently owned by company 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.