Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Stephens Inc. AR

Stephens Inc. AR reduced its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 78.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,707 shares of the company's stock after selling 24,994 shares during the quarter. Stephens Inc. AR's holdings in Kyndryl were worth $211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in Kyndryl by 105.5% in the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock valued at $429,332,000 after buying an additional 6,371,541 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Kyndryl by 123.3% in 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 during the last quarter. Deutsche Bank AG increased its stake in shares of Kyndryl by 95.9% in 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 during the last quarter. D. E. Shaw & Co. Inc. increased its position in 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 buying an additional 856,629 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new position in Kyndryl during the fourth quarter worth $26,085,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Stock Performance

KD stock traded down $2.13 during mid-day trading on Thursday, hitting $36.93. The company had a trading volume of 804,435 shares, compared to its average volume of 2,152,833. The firm has a market cap of $8.55 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 0.87 and a beta of 1.93. 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 Holdings, Inc. has a 12 month low of $21.34 and a 12 month high of $44.20. The stock's fifty day moving average price is $40.30 and its two-hundred day moving average price is $37.22.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share 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 analysts' expectations of $3.77 billion. During the same quarter in the prior year, the company posted ($0.01) EPS. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KD has been the topic of several recent research reports. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Oppenheimer lifted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Finally, Susquehanna cut their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd.

Insider Activity

In related news, SVP Vineet Khurana sold 26,451 shares of the company's stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 73,278 shares of the company's stock, valued at $2,868,100.92. This represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

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.