Total Wealth Planning & Management Inc. bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,863 shares of the company's stock, valued at approximately $310,000.
Several other institutional investors have also added to or reduced their stakes in KD. Opal Wealth Advisors LLC purchased a new stake in Kyndryl during the 1st quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Kyndryl during the 4th quarter valued at $30,000. True Wealth Design LLC boosted its stake in shares of Kyndryl by 150.6% in the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after buying an additional 524 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Kyndryl by 1,143.0% in the 1st quarter. Versant Capital Management Inc now owns 1,069 shares of the company's stock worth $34,000 after buying an additional 983 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of Kyndryl in the 4th quarter worth $35,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, SVP Vineet Khurana sold 26,451 shares of the firm's stock in a transaction on 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 directly owned 73,278 shares of the company's stock, valued at approximately $2,868,100.92. This trade represents a 26.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Susquehanna dropped their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Oppenheimer raised their price target on Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen upgraded Kyndryl from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st.
Check Out Our Latest Report on KD
Kyndryl Stock Performance
Shares of KD stock traded up $0.53 on Monday, reaching $41.99. The stock had a trading volume of 2,895,781 shares, compared to its average volume of 2,002,385. The stock has a market cap of $9.72 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 0.93 and a beta of 1.95. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day simple moving average of $38.04 and a 200 day simple moving average of $36.55.
Kyndryl (NYSE:KD - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting analysts' consensus estimates of $0.52. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The company had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same period last year, the firm earned ($0.01) EPS. Kyndryl's revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.
Kyndryl Profile
(
Free Report)
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.
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