National Bank of Canada FI Sells 66,194 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

National Bank of Canada FI lowered its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,540 shares of the company's stock after selling 66,194 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Kyndryl worth $2,520,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KD. Deutsche Bank AG boosted its holdings in shares of Kyndryl by 1,266.6% during the third quarter. Deutsche Bank AG now owns 4,865,411 shares of the company's stock worth $73,468,000 after purchasing an additional 4,509,381 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Kyndryl during the 4th quarter valued at about $28,992,000. Cooper Creek Partners Management LLC lifted its holdings in shares of Kyndryl by 82.4% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 2,446,117 shares of the company's stock worth $36,936,000 after acquiring an additional 1,105,369 shares during the period. Vanguard Group Inc. boosted its position in shares of Kyndryl by 3.4% in the third quarter. Vanguard Group Inc. now owns 26,038,728 shares of the company's stock worth $393,185,000 after acquiring an additional 844,205 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in Kyndryl in the third quarter valued at approximately $7,017,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Up 5.3 %

Shares of KD stock traded up $1.40 during trading hours on Tuesday, reaching $27.75. The company had a trading volume of 2,685,832 shares, compared to its average volume of 1,680,782. The company has a market capitalization of $6.39 billion, a P/E ratio of -17.68, a price-to-earnings-growth ratio of 7.68 and a beta of 1.57. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.94 and a current ratio of 0.94. Kyndryl Holdings, Inc. has a twelve month low of $11.35 and a twelve month high of $27.80. The stock's fifty day simple moving average is $21.55 and its 200 day simple moving average is $20.26.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.11. Kyndryl had a negative net margin of 2.12% and a negative return on equity of 4.01%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company earned ($0.21) earnings per share. Kyndryl's revenue for the quarter was down 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KD has been the topic of a number of research analyst reports. Scotiabank lifted their price target on shares of Kyndryl from $28.00 to $30.00 and gave the company a "sector outperform" rating in a report on Monday. Susquehanna boosted their price target on Kyndryl from $27.00 to $33.00 and gave the company a "positive" rating in a research report on Thursday, May 9th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $28.50.

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.