Swiss National Bank Sells 4,700 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Swiss National Bank decreased its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 450,000 shares of the company’s stock after selling 4,700 shares during the quarter. Swiss National Bank owned 0.19% of Kyndryl worth $14,130,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Kyndryl by 63.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,681 shares of the company’s stock worth $1,183,000 after purchasing an additional 14,568 shares during the last quarter. Smithfield Trust Co grew its holdings in Kyndryl by 35.5% during the first quarter. Smithfield Trust Co now owns 1,953 shares of the company’s stock worth $62,000 after buying an additional 512 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Kyndryl by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 36,526 shares of the company’s stock valued at $1,147,000 after buying an additional 1,378 shares during the last quarter. TIAA Trust National Association lifted its stake in Kyndryl by 9.6% during the 1st quarter. TIAA Trust National Association now owns 7,319 shares of the company’s stock valued at $230,000 after acquiring an additional 644 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in Kyndryl during the 1st quarter worth $390,000. Institutional investors own 71.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KD shares. Wall Street Zen lowered shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Susquehanna dropped their target price on shares of 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 boosted their target price on Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th.

Kyndryl Stock Performance

NYSE KD opened at $30.13 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $6.96 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 3.34 and a beta of 1.91. Kyndryl Holdings, Inc. has a 52-week low of $22.26 and a 52-week high of $44.20. The company has a 50-day simple moving average of $38.52 and a 200 day simple moving average of $36.76.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. Kyndryl’s revenue was up .1% on a year-over-year basis. On average, research analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Insider Activity at Kyndryl

In related 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 value 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 approximately $2,868,100.92. This trade represents a 26.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.