80,900 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 80,900 shares of the company's stock, valued at approximately $2,540,000.

Several other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. grew its stake in shares of Kyndryl by 9.4% in the fourth quarter. Bessemer Group Inc. now owns 2,881 shares of the company's stock worth $99,000 after purchasing an additional 247 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after acquiring an additional 297 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Kyndryl by 0.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company's stock valued at $1,775,000 after acquiring an additional 332 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Kyndryl by 19.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company's stock valued at $78,000 after acquiring an additional 370 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in Kyndryl by 41.2% during the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after acquiring an additional 442 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Up 0.8%

NYSE:KD traded up $0.30 on Thursday, hitting $39.16. The stock had a trading volume of 1,211,940 shares, compared to its average volume of 2,019,055. 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 stock has a market cap of $9.06 billion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 0.88 and a beta of 1.93. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $44.20. The firm's fifty day simple moving average is $40.29 and its two-hundred day simple moving average is $37.09.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the firm earned ($0.01) EPS. The company's revenue was down 1.3% compared to the same quarter last year. Analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

KD has been the topic of a number of analyst reports. Oppenheimer upped 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. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Susquehanna lowered their target price on shares of 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 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 completion of the transaction, the senior vice president directly owned 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by insiders.

Kyndryl 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.