RIA Advisory Group LLC Purchases Shares of 6,646 Kyndryl Holdings, Inc. (NYSE:KD)

RIA Advisory Group LLC purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,646 shares of the company’s stock, valued at approximately $138,000.

A number of other institutional investors have also bought and sold shares of KD. Fairfield Bush & CO. bought a new stake in Kyndryl during the second quarter valued at $28,000. Raleigh Capital Management Inc. boosted its position in shares of Kyndryl by 100.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock worth $46,000 after purchasing an additional 1,517 shares in the last quarter. State of Wyoming bought a new position in shares of Kyndryl during the 2nd quarter worth about $55,000. Huntington National Bank boosted its position 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. Finally, Geneos Wealth Management Inc. bought a new position in shares of Kyndryl during the 1st quarter worth about $61,000. Institutional investors own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KD shares. Susquehanna raised shares of Kyndryl from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $19.00 to $27.00 in a research report on Monday, February 12th. Evercore ISI raised shares of Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Monday, January 8th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $25.00.

Kyndryl Trading Up 0.1 %

Shares of NYSE KD opened at $19.66 on Friday. The firm’s 50-day simple moving average is $21.49 and its 200 day simple moving average is $19.42. Kyndryl Holdings, Inc. has a fifty-two week low of $11.35 and a fifty-two week high of $22.90. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03.

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

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.