Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Ethic Inc.

Ethic Inc. trimmed its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 16.3% during the 4th quarter, Holdings Channel reports. The fund owned 9,732 shares of the company’s stock after selling 1,898 shares during the quarter. Ethic Inc.’s holdings in Kyndryl were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in KD. Fifth Third Wealth Advisors LLC purchased a new position in shares of Kyndryl in the fourth quarter valued at approximately $255,000. Dakota Wealth Management acquired a new stake in shares of Kyndryl during the fourth quarter valued at about $1,221,000. Sky Investment Group LLC boosted its position in shares of Kyndryl by 11.7% during the fourth quarter. Sky Investment Group LLC now owns 88,335 shares of the company’s stock worth $3,056,000 after buying an additional 9,240 shares during the period. Diversify Advisory Services LLC purchased a new stake in Kyndryl during the fourth quarter worth about $5,309,000. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Kyndryl in the fourth quarter worth $16,856,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KD shares. Oppenheimer lifted their price target on shares of Kyndryl from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday. Susquehanna lowered their price objective 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.

Kyndryl Stock Performance

NYSE:KD opened at $40.44 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $9.41 billion, a PE ratio of 73.52, a P/E/G ratio of 10.84 and a beta of 1.91. The firm has a 50 day simple moving average of $32.93 and a 200-day simple moving average of $34.46. Kyndryl Holdings, Inc. has a 1-year low of $21.34 and a 1-year high of $43.61.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company posted ($0.01) EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current 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.