Total Wealth Planning & Management Inc. Invests $310,000 in Kyndryl Holdings, Inc. (NYSE:KD)

Total Wealth Planning & Management Inc. purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,863 shares of the company's stock, valued at approximately $310,000.

A number of other hedge funds have also recently added to or reduced their stakes in KD. American Century Companies Inc. raised its position in shares of Kyndryl by 15.1% during the fourth quarter. American Century Companies Inc. now owns 372,642 shares of the company's stock worth $12,893,000 after purchasing an additional 48,809 shares during the period. Proficio Capital Partners LLC bought a new stake in Kyndryl during the 4th quarter valued at $515,000. Raymond James Financial Inc. bought a new stake in Kyndryl during the 4th quarter valued at $11,359,000. Fifth Third Bancorp raised its holdings in Kyndryl by 35.5% during the first quarter. Fifth Third Bancorp now owns 3,114 shares of the company's stock worth $98,000 after buying an additional 815 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Kyndryl by 56.4% in the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company's stock valued at $85,000 after buying an additional 886 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Insider Buying and Selling

In other news, SVP Vineet Khurana sold 26,451 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KD has been the subject of several recent research reports. Oppenheimer boosted their target price 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. Susquehanna dropped their price objective on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Kyndryl from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st.

Kyndryl Stock Performance

Shares of NYSE KD traded down $0.32 during midday trading on Friday, reaching $41.47. The company's stock had a trading volume of 2,119,710 shares, compared to its average volume of 2,004,006. The stock has a market capitalization of $9.60 billion, a P/E ratio of 40.27, a PEG ratio of 0.93 and a beta of 1.95. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50 day moving average price of $37.54 and a 200-day moving average price of $36.45. Kyndryl Holdings, Inc. has a 12-month low of $21.34 and a 12-month high of $43.61.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share 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 business had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business'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 earnings per share for the current year.

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.