GAMMA Investing LLC Raises Position in Kyndryl Holdings, Inc. (NYSE:KD)

GAMMA Investing LLC raised its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 44.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,322 shares of the company’s stock after purchasing an additional 1,323 shares during the quarter. GAMMA Investing LLC’s holdings in Kyndryl were worth $136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KD. Harbor Capital Advisors Inc. lifted its holdings in Kyndryl by 14.7% during the first quarter. Harbor Capital Advisors Inc. now owns 91,966 shares of the company’s stock worth $2,888,000 after acquiring an additional 11,758 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Kyndryl by 16.7% during the first quarter. Pallas Capital Advisors LLC now owns 13,207 shares of the company’s stock worth $415,000 after acquiring an additional 1,890 shares during the period. Farther Finance Advisors LLC lifted its holdings in Kyndryl by 91.8% during the first quarter. Farther Finance Advisors LLC now owns 1,519 shares of the company’s stock worth $49,000 after acquiring an additional 727 shares during the period. First Citizens Bank & Trust Co. bought a new stake in Kyndryl during the first quarter worth $258,000. Finally, UMB Bank n.a. lifted its holdings in Kyndryl by 68.4% during the first quarter. UMB Bank n.a. now owns 3,227 shares of the company’s stock worth $101,000 after acquiring an additional 1,311 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised Kyndryl from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 21st. Susquehanna decreased their target price on Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company 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 stock an “outperform” rating in a research report on Tuesday, May 13th.

Kyndryl Price Performance

NYSE:KD opened at $43.48 on Friday. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 0.98 and a beta of 1.93. Kyndryl Holdings, Inc. has a 52-week low of $21.34 and a 52-week high of $43.74. The stock has a fifty day moving average of $38.98 and a 200 day moving average of $36.76. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.07 and a current ratio of 1.07.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. On average, research analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction dated 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 completion of the sale, the senior vice president owned 73,278 shares of the company’s stock, valued at $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company 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.