Kyndryl Holdings, Inc. (NYSE:KD) Stock Position Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 79.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,259 shares of the company's stock after buying an additional 23,599 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kyndryl were worth $1,843,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Kyndryl by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock worth $964,434,000 after purchasing an additional 79,575 shares during the period. FMR LLC raised its position in shares of Kyndryl by 105.5% during the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after purchasing an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Kyndryl by 123.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after purchasing an additional 2,033,549 shares during the period. GMT Capital Corp raised its position in shares of Kyndryl by 16.4% during the 4th quarter. GMT Capital Corp now owns 2,973,560 shares of the company's stock worth $102,885,000 after purchasing an additional 418,900 shares during the period. Finally, Invesco Ltd. raised its position in shares of Kyndryl by 39.9% during the 4th quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock worth $81,177,000 after purchasing an additional 669,097 shares during the period. Institutional investors own 71.53% of the company's stock.

Insider Activity

In other news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the transaction, the senior vice president now directly owns 73,278 shares in the company, 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. 1.04% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on KD shares. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Susquehanna lowered their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Finally, Oppenheimer raised their target price on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th.

Kyndryl Stock Performance

KD traded up $0.96 during trading hours on Friday, hitting $40.41. The company's stock had a trading volume of 1,306,573 shares, compared to its average volume of 2,016,238. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $43.61. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $9.40 billion, a PE ratio of 73.47, a PEG ratio of 10.84 and a beta of 1.95. The company has a 50-day simple moving average of $34.59 and a 200 day simple moving average of $35.91.

Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. The firm 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. The firm's revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

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.