Amalgamated Bank Has $3.62 Million Position in Kyndryl Holdings, Inc. (NYSE:KD)

Amalgamated Bank boosted its position in Kyndryl Holdings, Inc. (NYSE:KD) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 173,989 shares of the company’s stock after buying an additional 1,859 shares during the period. Amalgamated Bank’s holdings in Kyndryl were worth $3,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its position in shares of Kyndryl by 100.3% in the third quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock valued at $46,000 after buying an additional 1,517 shares in the last quarter. Huntington National Bank grew its holdings in shares of Kyndryl by 32.9% during the 3rd quarter. Huntington National Bank now owns 3,714 shares of the company’s stock worth $56,000 after purchasing an additional 919 shares in the last quarter. Systematic Alpha Investments LLC bought a new position in shares of Kyndryl in the third quarter worth $73,000. RIA Advisory Group LLC acquired a new position in Kyndryl in the fourth quarter valued at about $138,000. Finally, Cerity Partners LLC bought a new stake in Kyndryl during the fourth quarter worth about $206,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Susquehanna raised their target price on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a report on Thursday.

Kyndryl Trading Down 0.7 %

Shares of KD opened at $26.38 on Friday. 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 52-week low of $11.35 and a 52-week high of $26.70. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of -5.82, a PEG ratio of 5.79 and a beta of 1.57. The business’s fifty day moving average is $21.37 and its 200-day moving average is $20.00.

Kyndryl (NYSE:KD) last issued its earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.76 billion. Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. The business’s quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts anticipate that Kyndryl Holdings, Inc. will post -0.57 EPS for the current fiscal 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.