SG Americas Securities LLC Sells 25,685 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

SG Americas Securities LLC reduced its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 40.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,105 shares of the company’s stock after selling 25,685 shares during the quarter. SG Americas Securities LLC’s holdings in Kyndryl were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bartlett & Co. LLC increased its position in Kyndryl by 142.0% during the third quarter. Bartlett & Co. LLC now owns 1,873 shares of the company’s stock valued at $28,000 after acquiring an additional 1,099 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in Kyndryl during the second quarter valued at $28,000. Raleigh Capital Management Inc. increased its position in Kyndryl by 100.3% during the third quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock valued at $46,000 after acquiring an additional 1,517 shares during the last quarter. State of Wyoming purchased a new stake in Kyndryl during the second quarter valued at $55,000. Finally, Huntington National Bank increased its position in Kyndryl by 32.9% during the third quarter. Huntington National Bank now owns 3,714 shares of the company’s stock valued at $56,000 after acquiring an additional 919 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KD has been the subject of a number of research reports. TheStreet upgraded Kyndryl from a “d” rating to a “c” rating in a research report on Tuesday, December 12th. JPMorgan Chase & Co. upgraded Kyndryl from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $20.00 to $25.00 in a research report on Monday, December 18th. Susquehanna upgraded Kyndryl from a “neutral” rating to a “positive” rating and upped their price target for the stock from $19.00 to $27.00 in a research report on Monday, February 12th. Finally, Evercore ISI upgraded Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $25.00.

Read Our Latest Stock Report on KD

Kyndryl Stock Performance

NYSE:KD opened at $21.56 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.03. Kyndryl Holdings, Inc. has a 12-month low of $11.35 and a 12-month high of $22.90. The stock has a 50-day moving average price of $21.49 and a 200 day moving average price of $18.94. The stock has a market capitalization of $4.96 billion, a P/E ratio of -4.76 and a beta of 1.55.

Kyndryl (NYSE:KDGet Free Report) last released its earnings results on Tuesday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Equities research analysts forecast that Kyndryl Holdings, Inc. will post -0.57 EPS for the current fiscal year.

About Kyndryl

(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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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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