Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Twin Focus Capital Partners LLC

Twin Focus Capital Partners LLC trimmed its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,000 shares of the company’s stock after selling 5,000 shares during the period. Twin Focus Capital Partners LLC’s holdings in Kyndryl were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KD. Deutsche Bank AG boosted its position in Kyndryl by 1,266.6% during the third quarter. Deutsche Bank AG now owns 4,865,411 shares of the company’s stock worth $73,468,000 after purchasing an additional 4,509,381 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Kyndryl during the fourth quarter worth approximately $28,992,000. American Century Companies Inc. boosted its position in Kyndryl by 510.3% during the third quarter. American Century Companies Inc. now owns 440,015 shares of the company’s stock worth $6,644,000 after purchasing an additional 367,912 shares in the last quarter. Norges Bank purchased a new position in Kyndryl during the fourth quarter worth approximately $54,283,000. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Kyndryl during the fourth quarter worth approximately $940,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Stock Performance

NYSE KD opened at $25.55 on Monday. Kyndryl Holdings, Inc. has a 1-year low of $11.92 and a 1-year high of $28.60. The company has a market cap of $5.89 billion, a PE ratio of -17.15, a price-to-earnings-growth ratio of 5.87 and a beta of 1.70. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $23.97 and its 200-day simple moving average is $21.94.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. Kyndryl had a negative return on equity of 4.11% and a negative net margin of 2.12%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted ($0.21) earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Susquehanna increased their price target on Kyndryl from $27.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, May 9th. Scotiabank raised their target price on Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a research report on Monday, May 13th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kyndryl has a consensus rating of “Buy” and a consensus price target of $28.50.

Insider Buying and Selling

In related news, SVP Vineet Khurana sold 30,430 shares of Kyndryl stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $26.36, for a total transaction of $802,134.80. Following the transaction, the senior vice president now owns 78,722 shares in the company, valued at $2,075,111.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.04% of the stock is currently owned by company 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.