Sky Investment Group LLC Acquires 15,015 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Sky Investment Group LLC boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 17.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,350 shares of the company's stock after purchasing an additional 15,015 shares during the period. Sky Investment Group LLC's holdings in Kyndryl were worth $3,245,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FMR LLC increased its position in shares of Kyndryl by 105.5% during the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after acquiring an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Kyndryl by 123.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after acquiring an additional 2,033,549 shares in the last quarter. Deutsche Bank AG increased its position in shares of Kyndryl by 95.9% during the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock worth $74,287,000 after acquiring an additional 1,050,856 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Kyndryl by 180.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock worth $46,082,000 after acquiring an additional 856,629 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new stake in Kyndryl in the 4th quarter worth about $26,085,000. 71.53% of the stock is owned by institutional investors.

Insider Activity at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total value of $1,035,292.14. Following the sale, the senior vice president now owns 73,278 shares of the company's stock, valued at $2,868,100.92. This trade represents a 26.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is owned by insiders.

Kyndryl Stock Performance

Shares of Kyndryl stock traded down $0.94 on Friday, reaching $39.23. 1,548,800 shares of the company traded hands, compared to its average volume of 1,998,601. Kyndryl Holdings, Inc. has a 52 week low of $21.34 and a 52 week high of $43.61. The company has a 50 day moving average of $35.64 and a 200 day moving average of $36.12. The firm has a market capitalization of $9.13 billion, a PE ratio of 71.33, a PEG ratio of 10.84 and a beta of 1.95. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09.

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, meeting analysts' consensus estimates of $0.52. The company had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. Kyndryl's revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS. Equities analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

KD has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. 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 research report on Wednesday, April 23rd. Finally, Oppenheimer upped their price objective on shares of Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th.

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.